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The World in Brief from The Economist

Trump’s new anti-Iran tariffs; former Fed chairs criticise Powell probe, and more

The World in Brief from The Economist

The Economist

Global News, Daily News, News, News & Politics

4.11.2K Ratings

🗓️ 13 January 2026

⏱️ 5 minutes

🧾️ Download transcript

Summary

Donald Trump said that countries “doing business” with Iran would face immediate new tariffs of 25%.

Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

Hello, you're listening to the free edition of the world in brief from The Economist.

0:11.2

As a reminder, if you subscribe to The Economist, you'll get access to a deeper look at the day ahead, updated three times a day.

0:20.1

If you're already an Economist subscriber,

0:22.6

visit Economist.com slash espresso or visit our espresso app to start listening. Here's today's

0:29.5

free edition.

0:35.2

This is the world in brief from The Economist.

0:41.7

Our top stories.

0:44.7

Donald Trump said that countries, quote, doing business with Iran, would face immediate new tariffs of 25%.

0:52.5

The true social post follows announcements by the White House

0:57.1

that it was considering strikes on Iran, should diplomacy not suffice.

1:02.4

Iran's regime has reportedly killed more than 600 anti-government protesters since late December.

1:09.8

Earlier, Mr. Trump said that Iran's leaders had proposed negotiations.

1:15.6

Three former heads of the Federal Reserve criticized the Trump administration's criminal investigation

1:21.4

into its chair, Jerome Powell. In a statement, they spoke of America's rule of law as its greatest strength and the, quote,

1:30.6

foundation of our economic success. Mr. Powell said the investigation relating to a renovation of the

1:37.8

Fed's headquarters was a pretext to curb the central bank's independence.

1:50.7

Stocks seemed to recover after a panic caused by the Trump administration's attack on the Federal Reserve.

1:58.3

The benchmark SMP 500 index of large American companies regained ground at market close.

2:04.7

The yield on 10-year treasuries jumped to 4.19% while gold and silver,

2:12.4

often seen as safe haven assets, rallied to fresh highs. Google's parent company, Alphabet, hits a market valuation of $4 trillion, becoming the fourth tech company after NVIDIA, Apple and Microsoft

2:20.0

to do so. Investors' confidence has been boosted by the performance of its latest AI model,

2:26.9

Gemini 3, which was chosen to run an AI version of Siri, Apple's digital assistant.

...

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