Trump Risks Imploding China Trade Truce With Iran Tariff | The Pulse 1/13

Posted on 01/13/2026
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Iran’s Foreign Minister said security forces have “full control” of the country after two weeks of violent unrest, amid reports he’s reached out to the US following an intervention threat by President Donald Trump.

Trump said he is imposing a 25% tariff on goods from countries “doing business” with Iran, ratcheting up pressure on the government in Tehran that has been rocked by widespread protests. Bloomberg's Brendan Murray discusses the wider impact such tariffs would have on countries including China.

Today's guests: Grace Peters, JPM Private Bank, Co-Head of Global Investment Strategy; Sanam Vakil, Chatham House, Middle East & North Africa Programme Director; Jeff Currie, Carlyle, Energy Pathways Chief Strategy Officer.

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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.



Chapters:

00:00:00 - The Pulse with Francine Lacqua

00:01:29 - Jerome Powell's probe stirs concern

00:03:34 - Japan PM intends to call snap election: Kyodo

00:05:40 - Grace Peters, JPMorgan Private Bank Global Investment Strategy Co-head

00:15:12 - UBS Head Ermotti to step down in April 2027: FT

00:17:56 - Ermotti: Proposed banking regulations in Switzerland go too bar

00:23:56 - Tuesday headlines

00:24:44 - Iran roundtable: Bloomberg's Brendan Murray & Chatham House's Sanam Vakil

00:33:22 - Tuesday top stories

00:34:21 - Germany foreign minister hopes for Greenland compromise

00:36:40 - Le Pen appeals five-year election ban

00:40:34 - Jeff Currie, Carlyle Energy Pathways Chief Strategy Officer

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