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US forces struck Iranian targets after President Donald Trump vowed Tehran “will pay” for killing three US soldiers, even as mediators proposed a new truce with the Middle East war widening further.

The Trump administration vowed to impose a fresh 50% tariff on some Canadian goods over what it said was unfair treatment of American alcohol, cars and dairy, further inflaming trade tensions between the two neighbors.

And Andy Burnham named former Defense Secretary John Healey to be his Chancellor of the Exchequer in a surprise move by the UK’s new prime minister that fueled speculation about a bigger increase in military spending.

Today's guests: Hugh Gimber, JPMorgan Asset Management, Global Market Strategist; Jasmine El-Gamal, Averos Strategies, Founder and CEO.

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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.

Chapters:
00:00:00 - The Pulse with Francine Lacqua
00:00:47 - Hugh Gimber, JPMorgan Asset Management, Global Market Strategist
00:05:38 - US vows fresh 50% tariff on Canada
00:08:19 - JPM AM's Gimber on global trade & oil market
00:12:48 - US completes latest Iran strikes
00:13:16 - Mideast roundtable: Averos Strategies' Jasmine El-Gamal & Bloomberg's Stephanie Baker
00:23:44 - Tuesday headlines
00:24:23 - Burnham roundtable: Bloomberg Opinion's Rosa Prince, Bloomberg's John Stepek & Bloomberg Intelligence's Tim Craighead
00:41:11 - Leonardo's Mariani: Europe cannot afford fragmenting air force
00:45:19 - TSMC said to raise chipmaking prices by up to 10% in 2027: Nikkei
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