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Trump pressures Iran with tariffs that could raise prices in the US

President Donald Trump has once again drawn his go-to diplomatic weapon — tariffs — to coerce the Iranian government to end its bloody crackdown on nationwide protests. Trump said he is imposing a 25% tax on imports to the United States from countries that do business with Iran. The sanctions could hurt the Islamic Republic by reducing its access to foreign goods and driving up prices in a country already contending with inflation running above 40%. But the tariffs could create blowback for the United States, too, potentially raising the prices Americans pay for imports from Iranian trade partners such as Turkey and India and threatening an uneasy trade truce Trump reached last year with China.

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