Why Trump’s sweeping 25% Iran tariffs have revived fears of global trade war
President Donald Trump has implemented a 25 per cent tariff on all of Iran’s trading partners in response to a violent crackdown by Tehran on protesters.
Oil prices jumped to the highest levels since November in the aftermath of the announcement, sparking concerns about an impact on the global economy.
The US leader has been unequivocal about using military force in Iran if protesters are killed and will discuss “several options” with senior military officials on Tuesday.
Experts say his latest strategy is an attempt to strong-arm the country into compliance – but the Supreme Court has struck down his previous tariff policy.
The Independent looks at whether the announcement of new tariffs on Iran’s economic allies will have a widespread economic impact.
open image in galleryA crowd gathers during a pro-government rally on Monday in Tehran, Iran (Getty)What does Trump’s tariff policy entail?The US president’s announcement came in a characteristically bombastic Truth Social post on M..
