Published: Jan 14, 2026, 10:51 IST | Updated: Jan 14, 2026, 10:51 IST
US President Donald Trump has injected fresh uncertainty into global trade by threatening a 25 percent tariff on any country that continues doing business with Iran, a move he says is effective immediately. Framed as part of a renewed maximum pressure campaign on Tehran, the threat could destabilise the fragile US China trade truce and send shockwaves through global markets.