TARIFF UNCERTAINTY IS BACK! 🚨
President Trump has announced a 25% tariff on countries doing business with Iran, effective immediately.
At first glance, it might not sound that significant… but guess who Iran’s largest trading partner is?
🇨🇳China is 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.
