Sabri Beneshour

2026 has its first new tariff threat.

From Marketplace, I'm Sabri Beneshour, in for David Brancaccio.

President Trump, in a post on social media, said he is imposing a 25% tariff on goods from countries, quote, doing business with Iran.

This is in response to Iran's government imprisoning and killing protesters.

The countries that buy Iranian oil include India, Turkey, and the world's second largest economy, China, which has a tenuous trade truce with the U.S.

Here's the BBC's Jeremy Bowen.

That's the BBC's Jeremy Bowen there.

Later this morning, in about an hour and a half, we're going to get the Consumer Price Index for December.

That's one official measure of inflation from the Bureau of Labor Statistics.

Marketplace's Nancy Marshall-Genzer has more on what we can expect.

It is a new year, and with it comes fresh new ways for the world to be in crisis.

The Eurasia Group takes a look at this every year and comes up with a list of top global risks for the year ahead.

Joining us to talk about it is co-author and Eurasia Group founder Ian Bremmer.

Ian, welcome back.

Good to be back with you.

So the number one global risk in 2026 is not the tension between the US and China or Russia.

You argue the number one risk is the US itself.

Why?

If the U.S.

is recreating a world order not based so much on rules, but just on strength in particular, is that an actual risk or a change?