Trump's Take On Iran Proposal, Tariffs On EU Cars And More: This Week In Politics

President Trump stated that the Iranian proposal is ‘not acceptable’ and announced plans to impose a 25% tariff on EU cars, citing trade violations. The US approved over $8 billion in arms sales to Middle Eastern allies, bypassing congressional review. The reduced ship traffic through the Strait of Hormuz highlights the gap between political resolution and the reopening of the oil market.