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The Independent UK
The Independent UK
Maira Butt

Why Trump’s sweeping 25% Iran tariffs have revived fears of global trade war

President Donald Trump has implemented a 25 per cent tariff on all of Iran’s trading partners in response to a violent crackdown by Tehran on protesters.

Oil prices jumped to the highest levels since November in the aftermath of the announcement, sparking concerns about an impact on the global economy.

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