From Indian movies to Italian wine, Trump’s war on Iran to cause pain worldwide

Fuel price pressures are hitting growers and winemakers at the same time as tariffs imposed by U.S
| AFP / Getty Images / via Bloomberg
By Swati Pandey, Laura Curtis and Mark Niquette
BLOOMBERG
Threads
Email
Print
Bookmark story
Copy link
The supply shock waves from the U.S
and Israel’s war in Iran are spreading across the global economy, raising concerns about an inflation hit to companies and consumers that will require policymakers to raise borrowing costs.While U.S
President Donald Trump’s chaotic tariff campaign took months to filter through supply chains, the spiking prices for oil, gas, aluminum, fertilizers and chemicals since the bombing of Tehran began on Feb
28 have rapidly been felt by factory managers, farmers and freight carriers.Now the effects are reaching industries that might’ve seemed insulated from the fallout, or too far away to feel it
And that’s unlikely to be reversed soon even as Trump signaled Monday that a potential ceasefire was possible.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.By subscribing, you can help us get the story right.

SUBSCRIBE NOW
With your current subscription plan you can comment on stories
However, before writing your first comment, please create a display name
in the Profile section of your subscriber account page.

Your subscription plan doesn't allow commenting
Iran prepared to let Japanese ships transit Hormuz, FM says
Iran warns Trump after he issues two-day ultimatum to open Hormuz
The human-made roots of Japan's hay fever crisis
Average cherry blossom-viewing budget falls 13.8%
Japan’s residency debate risks turning integration into exclusion
1 fan also happens to be the owner
Takaichi weathers Trump, but China challenges linger
For Suda51, punk in games isn’t dead
Why Resident Evil Requiem bleeds less in Japan
Beijing row highlights need for Japan to reduce cleantech dependence on China
Kabukicho: Tokyo’s ‘stadium of desire’
Inaka no Taiho: Chinese restaurant offers experience of ‘receiving life’
Sponsored contents planned and edited by JT Media Enterprise Division.

China protests to Japan about Tokyo embassy break-in
1 hour ago
Oil tankers that did not transit the Strait of Hormuz to arrive in Japan soon
2 hours ago
Toyota plans $1 billion investment in two of its U.S
Imperial couple postpone Tohoku visit due to cold symptoms
3 hours ago
official’s claim Takaichi pledged to send MSDF to Mideast
6 hours ago