Big Take Asia Podcast

Trump Could Hurt China, India, Even US Consumers to Get to Iran

On today’s Big Take Asia podcast: Could Trump’s Iran tariff threat reignite a trade war with China and India?

Oil storage tanks at a petrochemical production base on the outskirts of Shanghai, China, on Saturday, June 28, 2025.Bloomberg

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By K Oanh Ha, Yang Yang, Naomi Ng, and Eleanor Harrison-Dengate

January 13, 2026 at 8:56 PM UTC

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Amid Iran’s brutal crackdown on protesters, President Trump threatened to slap a 25% tariff on its trading partners, including China and India. This comes as both countries try to deescalate their own trade wars with the administration.