No more TACO? What happens to Trump’s tariffs after US attack on Iran? From ‘World Chickening Out’ to ‘No One Chickens Out’ – here’s what may happen

Following US strikes on Iran’s nuclear facilities and ongoing tensions, global markets are reassessing Donald Trump’s willingness to act decisively. The previous assumption that Trump would back down from threats, particularly regarding tariffs, is now in question. The economic impact hinges on Iran’s response, with potential scenarios ranging from global cooperation to a full-blown trade war and recession.