As EU Confirms Economic Punishments On China, U.S. Panics Over Impending Iran Oil Attack

As EU Confirms Economic Punishments On China, U.S. Panics Over Impending Iran Oil Attack
In big confirmation, the EU has voted and confirmed heavy tariffs on China EVs are coming. This is bad news, mainly for EU's economy, whose trading relations with Bejing will get affected. Chief of all, the German economy will be impacted more. Meanwhile, the US is panicking over Israel's vow of retaliation and how the Iranian oil industry could be targeted, roiling global oil markets.