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13.01.26 - 00:54
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Trump Imposes 25% Tariff On Any Country Doing Business With Iran "Effective Immediately" (ZeroHedge)
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Trump Imposes 25% Tariff On Any Country Doing Business With Iran "Effective Immediately"
After it quietly faded away in late summer, that trade war with China is about to make a triumphal reappearance.
In a day that was already flooded by a relentless firehose of newsflow, Trump added to the leaning tower of chaos when said on Truth Social that he was imposing a 25% tariff on goods from countries “doing business” with Iran (most notably China which is its largest oil client), ratcheting up pressure on the government in Tehran that has been rocked by widespread protests.
Trump said that the new duty would be “effective immediately,” without providing any details about the scope or implementation of the charges, leaving traders to act first and ask questions later if at all (a big reason why there is zero liquidity in the market is because people are trading with zero conviction and unwind trades just as fast as they put them on).
The action has the potential to disrupt major U...
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