First Russia, now Iran: Trump announces 25% tariffs on Tehran’s trade partners; calls order ‘final and conclusive’

US President Donald Trump on Tuesday announced a 25% tariff on countries doing business with Iran, stepping up pressure on Tehran over its violent crackdown on nationwide protests.Trump said the tariffs would take effect immediately. In a social media post, he wrote, “Effective immediately, any Country doing business with the Islamic Republic of Iran will…

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Fed showdown: Donald Trump’s legal move against Jerome Powell sharpens rate-cut battle; raises questions over central bank independence

The US Justice Department’s threat to criminally indict Federal Reserve Chair Jerome Powell has triggered a fresh confrontation between the White House and the central bank, intensifying concerns over the Fed’s independence and the direction of US monetary policy.The subpoenas, served on Friday, relate to Powell’s June testimony on the $2.5 billion renovation of Federal…

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