US President Trump says any countries doing business with Iran are to pay a 25% tariff on any or all business being done with the US
Newsquawk Staff ·
US President Trump says any countries doing business with Iran are to pay a 25% tariff on any or all business being done with the US.
What it means
This announcement from President Trump escalates trade tensions, imposing a significant tariff on countries interacting with Iran, likely impacting forex markets and commodities. The move could lead to increased volatility, particularly in energy markets like oil and may trigger reactions in safe-haven assets such as gold. Investors should gauge how this affects broader trade relationships and currency valuations moving forward.
Sources
- US Midterms Cheat Sheet for Traders
- Newsquawk US Market Wrap - Stocks mixed on AI rebound ahead of US midterms
- Israel has shared intelligence with the US asserting that Iran is considering the use of chemical weapons against its adversaries, information met with alarm by some American officials and deep skepticism by others, NYT reports citing sources
- Israeli PM Netanyahu was reportedly the one who proposed to US President Trump the ending of financial aid to Israel, N13 reports citing sources
- US EQUITY OPEN: Tech pares back some recent losses as US/Iran negotiations and US midterms are in focus
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