{"id":57792,"date":"2026-01-13T17:08:47","date_gmt":"2026-01-13T21:08:47","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/global-tensions-mount-as-trump-threatens-action-on-iran-greenland-amazon-pressures-suppliers-jpmorgan-fights-credit-cap\/57792\/"},"modified":"2026-01-13T17:08:47","modified_gmt":"2026-01-13T21:08:47","slug":"global-tensions-mount-as-trump-threatens-action-on-iran-greenland-amazon-pressures-suppliers-jpmorgan-fights-credit-cap","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-tensions-mount-as-trump-threatens-action-on-iran-greenland-amazon-pressures-suppliers-jpmorgan-fights-credit-cap\/57792\/","title":{"rendered":"Global Tensions Mount as Trump Threatens Action on Iran, Greenland; Amazon Pressures Suppliers, JPMorgan Fights Credit Cap"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>President Trump<\/strong> has issued strong warnings to <strong>Iran<\/strong>, threatening &quot;very strong action,&quot; including potential military strikes and 25% tariffs on trading partners, if the regime executes protesters amid reports of over 2,000 deaths.<\/li>\n<li><strong>Amazon<\/strong> (<a href=\"\/stock\/AMZN\">AMZN<\/a>) is aggressively seeking supplier discounts of up to <strong>30%<\/strong> ahead of a crucial Supreme Court tariff ruling, aiming to reverse concessions made due to prior U.S. tariffs.<\/li>\n<li><strong>JPMorgan Chase<\/strong> (<a href=\"\/stock\/JPM\">JPM<\/a>) and other major banks are prepared to &quot;fight back with everything on the table&quot; against President Trump&#39;s proposed <strong>10% cap on credit card interest rates<\/strong>, warning it would lead to a significant overhaul of their card businesses, harm consumers by restricting credit access, and result in an estimated <strong>$100 billion annual revenue loss<\/strong> for the industry.<\/li>\n<li><strong>Israel&#39;s recognition of Somaliland<\/strong> has ignited widespread uproar in the Horn of Africa and Middle East, with <strong>Somalia<\/strong> condemning the move and regional powers closely monitoring the escalating risks of destabilization and potential proxy conflicts.<\/li>\n<li><strong>Federal Reserve Chair Jay Powell<\/strong> has disclosed details of a <strong>$2.5 billion Fed project<\/strong> to senators, while simultaneously accusing the administration of using a <strong>Justice Department investigation<\/strong> to exert political pressure and undermine the central bank&#39;s independence.<\/li>\n<\/ul>\n<p>In a day marked by escalating geopolitical tensions and significant economic maneuvers, President Donald Trump has dominated headlines with stern warnings to Iran and renewed ambitions regarding Greenland, while major corporations and financial institutions grapple with his policy proposals.<\/p>\n<h2>Trump&#39;s Stance on Iran and Greenland<\/h2>\n<p>President Trump has declared that the United States will take &quot;very strong action&quot; if the Iranian government proceeds with the execution of protesters. Activist groups report that the death toll from the nationwide protests in Iran has surpassed <strong>2,000 people<\/strong>, prompting the U.S. to consider potential air strikes. Trump also announced a <strong>25% tariff<\/strong> on goods from countries that continue to conduct business with Iran, signaling a dual approach of potential military intervention and economic pressure. Tehran, while warning of retaliation against any U.S. military intervention, has also reportedly opened diplomatic channels with Trump&#39;s Middle East envoy.<\/p>\n<p>Concurrently, President Trump has reaffirmed his controversial interest in acquiring <strong>Greenland<\/strong>, stating the U.S. would take the Arctic territory &quot;one way or another&quot; and reportedly ordering special forces to draft invasion plans. This stance has been met with firm rejection from <strong>Greenland&#39;s government<\/strong> and <strong>Denmark<\/strong>, who maintain the island is not for sale and cannot be taken &quot;under any circumstances.&quot; German officials returning from Washington reported a lack of clarity on Trump&#39;s Greenland plans, with Berlin expressing concerns about widening transatlantic rifts and Europe&#39;s diminishing influence over U.S. decisions directly affecting the region.<\/p>\n<h2>Amazon&#39;s Supplier Squeeze and Credit Card Cap Controversy<\/h2>\n<p>E-commerce giant <strong>Amazon<\/strong> (<a href=\"\/stock\/AMZN\">AMZN<\/a>) is reportedly exerting significant pressure on its suppliers for price reductions, seeking discounts ranging from low single digits up to a substantial <strong>30%<\/strong>. This aggressive move comes as the company anticipates a forthcoming <strong>Supreme Court tariff ruling<\/strong> and aims to reverse concessions previously made in response to President Trump&#39;s tariff policies.<\/p>\n<p>Meanwhile, President Trump&#39;s proposed <strong>10% cap on credit card interest rates<\/strong>, slated to take effect for one year starting January 20, 2026, has ignited a fierce backlash from the financial sector. Executives at <strong>JPMorgan Chase<\/strong> (<a href=\"\/stock\/JPM\">JPM<\/a>), including CEO <strong>Jamie Dimon<\/strong> and CFO <strong>Jeremy Barnum<\/strong>, have warned that such a cap would necessitate a &quot;major overhaul&quot; of their card business, ultimately <em>harming consumers<\/em> by limiting credit access and potentially pushing them towards less regulated, more expensive alternatives. The banking industry estimates a staggering <strong>$100 billion in lost annual revenue<\/strong> if the cap is implemented, leading to a notable decline in the shares of major financial players such as <strong>Mastercard<\/strong> (<a href=\"\/stock\/MA\">MA<\/a>), <strong>Visa<\/strong> (<a href=\"\/stock\/V\">V<\/a>), <strong>Citigroup<\/strong> (<a href=\"\/stock\/C\">C<\/a>), and <strong>American Express<\/strong> (<a href=\"\/stock\/AXP\">AXP<\/a>).<\/p>\n<h2>Israel-Somaliland Recognition and Fed Independence Under Scrutiny<\/h2>\n<p>In a move sparking significant geopolitical fallout, <strong>Israel&#39;s recognition of Somaliland<\/strong> has caused an &quot;uproar&quot; across the Horn of Africa and the Middle East, introducing a new dynamic into regional power struggles. <strong>Somalia<\/strong> has vehemently condemned the decision, asserting it threatens its sovereignty and cautioning against the establishment of foreign military bases in the breakaway territory. The recognition has broader implications, including a potential role for Somaliland in accommodating <strong>Palestinians displaced from Gaza<\/strong> and serving as a strategic base for Israel to counter <strong>Iran-backed Houthi rebels<\/strong> in Yemen. Regional stakeholders, including the <strong>UAE, Saudi Arabia, Turkey, China, and Ethiopia<\/strong>, are closely monitoring the situation, wary of the risks of destabilization and potential proxy conflicts.<\/p>\n<p>Domestically, <strong>Federal Reserve Chair Jay Powell<\/strong> has provided senators with details concerning a <strong>$2.5 billion Fed project<\/strong> following his recent testimony. This disclosure comes amidst a contentious <strong>Justice Department investigation<\/strong> into Powell, which the Fed Chair has publicly denounced as an attempt by the administration to exert political pressure to lower interest rates and compromise the central bank&#39;s crucial independence. The probe has reportedly compelled Fed leadership to unite in defense of the institution&#39;s autonomy against these perceived political encroachments.<\/p>\n<h2>Rio Tinto Pursues Glencore Deal<\/h2>\n<p>In the mining sector, <strong>Rio Tinto<\/strong> (<a href=\"\/stock\/RIO\">RIO<\/a>) has reportedly engaged prominent financial advisers, including <strong>Evercore&#39;s<\/strong> Simon Robey, <strong>JPMorgan<\/strong> (<a href=\"\/stock\/JPM\">JPM<\/a>), and <strong>Macquarie<\/strong> (<a href=\"\/stock\/MQG\">MQG<\/a>), as it explores a potential acquisition deal for <strong>Glencore<\/strong> (<a href=\"\/stock\/GLEN\">GLEN<\/a>). The advisory landscape for this potential transaction is highly competitive, with some firms reportedly facing conflicts due to their involvement in other significant mining industry deals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways President Trump has issued strong warnings to Iran, threatening &quot;very strong action,&quot; including potential military strikes and 25% 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