www.bloomberg.com
On the Big Take Asia podcast: The discussion explores how former President Donald Trump’s proposed "universal tariff" threat specifically targeting Iran could inadvertently reignite broader trade tensions. Since China and India are major importers of Iranian oil, secondary sanctions or tariffs on these purchases could severely damage U.S. relations with both Asian giants. The episode analyzes whether this policy would effectively curb Iran’s revenue or simply disrupt the global economy, forcing China and India to seek alternatives to the U.S. dollar and Western financial systems. It concludes by weighing the potential consequences of these economic threats against diplomatic stability in the region.
