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Tehran Signals Defiance as Supreme Leader Vows Retaliation and Strait Closure

  A man holds a picture of Iran's new supreme leader, Mojtaba Khamenei, while people attend a funeral ceremony for the Iranian military commanders who were killed in strikes, in Tehran Iran’s Supreme Leader issued his first public remarks following the deaths of senior Iranian commanders, vowing that the country will “avenge the martyrs” and maintain the closure of the strategic Strait of Hormuz until what he described as “justice” is served. His comments, delivered during a nationally broadcast address, underscore a sharp escalation in rhetoric at a moment of heightened regional tension. The Supreme Leader framed the recent losses as sacrifices in the defense of Iran’s sovereignty, promising that those responsible “will face consequences.” He also reaffirmed Iran’s decision to keep the Strait closed, a move that has already disrupted global shipping routes and rattled energy markets. The strait, one of the world’s most critical chokepoints for oil transport, has long been a flas...
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Global Trade on the Brink: Trump to Unveil Reciprocal Tariffs Next Week

 

In a bold escalation of his protectionist agenda, President Donald Trump announced plans to introduce reciprocal tariffs on a wide range of foreign goods next week. Speaking during a meeting with Japanese Prime Minister Shigeru Ishiba, Trump emphasized that the new measures would be designed to ensure fair treatment in international trade. “I’ll be announcing that next week, reciprocal trade, so that we’re treated evenly with other countries. We don’t want any more, any less,” he declared, leaving details about which nations might be targeted intentionally vague.

The planned tariffs aim to counterbalance the rates imposed by other countries on American exports—a promise that echoes Trump’s longstanding campaign rhetoric. By matching external tariffs with his own, the president expects not only to level the playing field for U.S. industries but also to generate additional revenue to address budgetary challenges. This move comes as part of a broader effort to shift U.S. trade policy towards a more protectionist model, which critics warn could spark a chain reaction of retaliatory measures from trading partners.

Market analysts noted that while reciprocal tariffs could help address trade imbalances, they also risk heightening global tensions and increasing consumer prices. Investors have already shown signs of unease following earlier announcements of similar measures, and many fear that a full-scale trade war could have far-reaching economic consequences.

As the world awaits further details next week, all eyes remain on Washington to see how this next phase of Trump’s trade strategy will reshape global commerce and diplomatic relations.

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