The recent announcement of a 25% tariff on trade with Iran by the US isn’t just a headline for Washington and Tehran; it’s a tremor felt across the global economic landscape. While the direct risks for countries like Azerbaijan might be limited, the ripple effects are a different story, especially concerning major global players.
One of the most significant factors that could shape the ultimate impact and reach of this US policy is the robust opposition emanating from major economies. The European Union and China, in particular, are not expected to take these measures lying down. Their collective stance and potential actions could significantly influence how far this new tariff regime can truly extend its global grip.
Experts suggest that the EU, for instance, possesses a formidable arsenal of both economic and legal instruments. These aren’t mere diplomatic objections; they could include tangible measures like the implementation of retaliatory tariffs, designed to counter the economic impact on European businesses. Furthermore, the EU could legally challenge the extraterritorial nature of these US measures – essentially, their attempt to dictate trade beyond US borders. Such challenges could set precedents and limit the future scope of similar unilateral actions.
However, it’s crucial to acknowledge the US’s consistent defense. Washington has frequently, and often successfully, justified such actions by invoking national security grounds. This particular justification often serves as a powerful shield, making legal recourse and international challenges considerably more difficult to pursue and win. The interplay between economic pressure, legal challenges, and national security claims will undoubtedly define the true impact of these tariffs.
Source: Original Article
