America’s First Swinging Miss: Trump’s Economic War Against Iran Already Hit US Markets
On Wednesday, U.S. President Donald Trump announced a sweeping new economic campaign against Iran, effectively launching an economic war against Iran, describing it as the “MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY” and accusing Tehran of failing to take an opportunity to reach a deal with Washington. He warned that Iran would face “Economic Warfare and Isolation on an unprecedented scale.” Yet as Trump attempts to present the confrontation as a demonstration of American strength, its growing economic consequences are increasingly being felt beyond Iran—including in the United States itself. Trump has also threatened countries whose banks, businesses,…