HUGE: President Trump announces a 25% tariff on countries doing business with Iran, effective immediately.
At first glance, it might not sound that big… but guess who Iran’s largest trading partner is?
China. 🇨🇳 Responsible for ~30% of Iran’s total foreign trade. This move indirectly escalates the ongoing trade tensions with China.
Markets hate tariff uncertainty, expect volatility.
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HUGE: President Trump announces a 25% tariff on countries doing business with Iran, effective immediately.
At first glance, it might not sound that big… but guess who Iran’s largest trading partner is?
China. 🇨🇳 Responsible for ~30% of Iran’s total foreign trade. This move indirectly escalates the ongoing trade tensions with China.
Markets hate tariff uncertainty, expect volatility.