THE FUSE

President Donald Trump has announced a 25% tariffs on countries doing business with Iran, effective immediately. This move could significantly impact global trade, particularly with China, a major trading partner of both Iran and the United States. The 25% tariffs are expected to increase costs for importing goods from countries that trade with Iran, potentially leading to higher prices for consumers. China has already expressed opposition to the tariffs, stating they would take necessary measures to safeguard their interests.