Wall Street Breakfast Podcast: Trump Targets Iran Trade With New Tariffs

Trade and Tariffs - President Trump announced a 25% tariff on goods from any country conducting business with Iran, affecting major trading partners like China, the UAE, India, and Turkey [3][4] - China is identified as the top global importer of Iranian crude, which may face increased costs due to the new tariffs [3] Federal Reserve and Interest Rates - Federal Reserve Bank of New York President John Williams indicated there is no urgency for a fourth consecutive interest rate cut, with the next meeting scheduled for the end of the month [5][6] - The Federal Open Market Committee (FOMC) has already reduced the federal funds rate by a cumulative 75 basis points last year, moving towards a neutral monetary policy stance [6] Aldi's Expansion Plans - Aldi plans to open over 180 new stores across 31 states by the end of 2026, celebrating its 50th anniversary in the U.S. [7][8] - This expansion will increase Aldi's total U.S. store count to nearly 2,800, with a target of 3,200 stores by the end of 2028 [8] - Aldi is also expanding its distribution network by 20% with new centers planned in Florida, Arizona, and Colorado over the next three years [9]