Trump Threatens Full-Scale Iran War as New 10%-12.5% Tariffs Lift Pressure on Households
Updated
Updated · ms.now · Jul 25
Trump Threatens Full-Scale Iran War as New 10%-12.5% Tariffs Lift Pressure on Households
3 articles · Updated · ms.now · Jul 25
Summary
$4.11 a gallon gas and fresh import taxes hit consumers as Trump said he is “absolutely” considering renewed full-scale war with Iran if the U.S. does not get “100%” of its demands.
The tariffs took effect Friday on goods from more than 80 countries—covering partners that account for 99.4% of U.S. trade—and Yale’s Budget Lab estimates they could cost households about $1,100 a year.
Iran-war disruption is already feeding inflation: U.S. gas topped $4 on July 20 after fighting intensified, and there has been little public progress on reopening the Strait of Hormuz, which Tehran closed earlier this month.
Political strain is building as the war nears six months; a July 22 POLITICO poll found 37% of self-identified MAGA voters back continuing the war only if costs do not rise further.
The tariff push also faces legal risk, with the Liberty Justice Center suing again after the Supreme Court struck down Trump’s earlier “liberation day” tariffs in February.