Trump threatens China with 50% tariff if it sends weapons to Iran, but has a doubt: 'Staggering amount'
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US President Donald Trump has announced a 25% tariff on countries trading with Iran, putting China in the spotlight as the primary buyer of Iranian oil. The move could spark a major retaliation from China and disrupt global supply chains and oil markets.
US President Donald Trump announced a 25% tariff on countries doing business with Iran. China, the primary buyer of Iranian oil, will be impacted most. The tariff could raise the cost of Chinese exports to the US and potentially derail the US-China trade truce. China has vowed to protect its national interests. The move comes as Iran faces anti-government protests and a brutal crackdown. Oil prices have jumped on the news.
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