2026 has its first new tariff threat from Marketplace. I'm Sabri Beneshore in for David Bruncaccio.

President Trump, in a post on social media, said he is imposing a 25% tariff on goods from countries, quote, doing business with Iran.

This is in response to Iran's government imprisoning and killing protesters.

The countries that buy Iranian oil include India, Turkey, and the world's second largest economy, China, which has a tenuous trade truce with the U.S.

Here's the BBC's Jeremy Bowen.

It's going to be complex at the very least.

Here's an example. China is the biggest's Jeremy Bowen. It's going to be complex at the very least. Here's an example.

China is the biggest buyer of Iranian oil.

He's in a very delicate trade situation already with their trade tariff war between America

and China.

Is he going to suddenly put a 25% tariff on China in addition to the other stuff they've been

doing?

It's already a very delicate negotiation. The thing about Iran is you cannot ignore it in the Middle East or in the wider

world. Why is that? It's very big. It's got the oil. It's got the gas. That's the BBC's Jeremy

Bowen there. Later this morning, in about an hour and a half, we're going to get the consumer

price index for

December. That's one official measure of inflation from the Bureau of Labor Statistics.

Marketplaces Nancy Marshall-Genzor has more on what we can expect.

Economists expect the December report to show inflation still above the Federal Reserve's 2%

target. Economists at both Goldman Sachs and Bank of America predict inflation

rose 2.7% year over year. Distortions from the government shutdown are expected to affect the

December CPI. Federal agencies didn't reopen until the middle of November. That meant government

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