President Donald Trump has escalated global trade tensions by threatening new tariffs on China and Iran, raising the stakes in his ongoing trade disputes. Speaking at a rally in Florida, Trump stated that the US would impose additional duties on Chinese imports unless Beijing agreed to a new trade deal within weeks. He also warned Iran of severe economic penalties unless it curbed its nuclear program. The announcements have sparked fears of retaliation from both nations, potentially disrupting global supply chains and markets. Analysts warn that such moves could lead to further volatility in the stock market and increase costs for American consumers. The White House has not yet specified the exact tariff rates or implementation dates, but officials indicate they are prepared to act swiftly. The EU has expressed concern, urging restraint. The developments come as the US trade deficit continues to widen, and as Trump faces domestic pressure over his handling of the economy.
