Wall Street Breakfast Trump targets Iran trade with new tariffs
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Jan 13, 2026 Trump's latest announcement of a 25% tariff on countries trading with Iran sparks interest, affecting major partners like China and the UAE. The New York Fed's John Williams hints that there's no urgent need for a rate cut, while market odds for January paint a cautious picture. Aldi plans an aggressive expansion in the U.S., aiming for over 180 new stores this year. Additionally, developments from JPMorgan and NVIDIA keep the financial world buzzing. Stay tuned for updates on crucial economic indicators!
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Global Tariff Threat To Iran Traders
- President Trump announced a 25% tariff on goods from any country doing business with Iran, targeting major trade partners like China, UAE, India, and Turkey.
- The Supreme Court's pending decision on the legality of his global tariffs could limit his ability to impose abrupt tariffs internationally.
Fed Signals Pause After Big Cuts
- New York Fed President John Williams signaled there is no rush for another rate cut after last year's cumulative 75 basis points of easing.
- Fed funds futures show markets largely expect rates to stay at 3.5–3.75% with low odds of a cut at the Jan. 28 meeting.
Aldi's Rapid U.S. Expansion Plan
- Aldi plans an aggressive U.S. expansion with 180+ new stores this year, aiming for 3,200 stores by 2028 and entering new states like Maine and Colorado.
- The company will expand distribution centers by 20% and funds growth without an IPO, posing pressure on public grocery competitors.