Trump Vows 25% Tariff on Countries Doing Business With Iran | Daybreak Europe 1/13/2026
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Donald Trump has announced plans to impose a 25% tariff on goods from any country conducting business with Iran, a decision that could disrupt the fragile trade agreement with China, the largest importer of Iranian oil. This move comes amid rising tensions in Washington regarding the independence of the Federal Reserve, as the Trump administration investigates its central bank policies. Additionally, the Japanese yen has fallen to its lowest value since July 2024, while stocks have surged following reports of a potential snap election in Japan.
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The announcement comes at a time when geopolitical tensions are already high, particularly concerning U.S.-Iran relations and the broader implications for global oil markets. The Federal Reserve's independence is a critical issue, as any perceived interference could undermine trust in U.S. monetary policy. The situation is further complicated by Japan's political landscape, where a snap election could lead to shifts in economic policy.
This article is for informational purposes only and should not be considered financial advice.
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