Trump’s 25% Iran Tariffs Explained
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Today's number... 218. That's how many decibels of sound a pistol shrimp produces when it snaps its claw. That makes it one of the loudest animals in the world, even louder than Alex Jones. Money markets matter. If money is evil, then that building is hell. The show goes on! Get back in there and watch the show sell! Welcome to Profiteer Markets. I'm Ed Elson. It is January 14th. Let's check in on yesterday's market vitals. Major indices fell from recent highs. Treasury yields declined after the latest inflation report. More on that later. Oil prices rose on Trump's comments on Iran. We'll get to those in a moment. And finally, JP Morgan shares dropped 4% after fourth quarter investment banking fees missed expectations.
Okay, what else is happening? President Trump announced a 25% tariff on any country doing business with Iran. Trump wrote that the order is, quote, effective immediately and that the decision is final and conclusive. However, the White House has not yet explained how the tariffs would be enacted or by what authority. It appears the move is a response to the Iranian government's violent crackdown on protesters, which has resulted in thousands of civilian deaths. In a Tuesday morning Truth Social post, President Trump said he has cancelled talks with Iranian officials and he's urged Iranians to, quote, keep protesting and take over your institutions. The protests began in late December as inflation and Iran's collapse in currency, the rial, made everyday goods unaffordable.
They've since gained momentum, morphing into wider demonstrations against the Iranian regime. Here to explain the situation in Iran and what these tariffs might mean for the country, we're speaking with Maurice Obstfeld, former chief economist for the International Monetary Fund and senior fellow at the Peterson Institute for International Economics. Maurice, thank you for joining us on Profity Markets. Thank you. So we've seen this crackdown from the Iranian regime. Then we see the tariffs announced from Trump. Just as a beginner, what is actually happening in Iran? What are these protests about? And what is the economic situation over there?
Well, the economic situation has obviously been grim for many years with ongoing sanctions. When Trump came into office, he rescinded some of the very mild waivers that Biden had issued in order to promote nuclear talks. And so that intensified the pressure. Furthermore, we've seen the Iranian regime weakened geopolitically over the course of the year with Israeli and U.S.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:00–17:12
2
What are the implications of Trump's 25% tariffs on Iran?
17:12–23:35
3
What is the current economic situation in Iran?
23:35–25:48
4
How do sanctions and tariffs affect inflation in Iran?
25:48–33:06
5
What triggered the recent protests in Iran?
33:06–33:13
Speakers
4 identifiedMore from Prof G Markets
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