---
title: "Commentary: Trump is suddenly waging two wars—one with trade partners and one with Iran"
description: "President Trump is currently engaged in two significant conflicts: a trade war with multiple nations and military actions against Iran. The trade war is seen as potentially unwinnable, while recent U."
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/245590019.md"
published_at: "2025-06-23T01:30:02.000Z"
---

# Commentary: Trump is suddenly waging two wars—one with trade partners and one with Iran

> President Trump is currently engaged in two significant conflicts: a trade war with multiple nations and military actions against Iran. The trade war is seen as potentially unwinnable, while recent U.S. airstrikes on Iranian nuclear sites, approved by Trump, aim to curb Iran's nuclear capabilities. Despite the strikes, experts express skepticism about Iran's surrender and warn that ongoing conflicts could impact Trump's domestic agenda and popularity. The situation remains complex, with potential repercussions for both foreign policy and economic priorities.

Life can get complicated awfully fast.

President Trump hoped his first year in office would bring victories on tax cuts, trade realignment, and deregulation. Five months in, however, he has not just one war on his hands, but two.

First is the trade war with dozens of nations, which many economists say is bound to end up an unwinnable quagmire. And now, Trump has stepped into a risky Middle East war by green-lighting US attacks on three Iranian nuclear weapons sites, a step other presidents have considered and averted.

The June 21 American attack on Iran may turn out to have been a risk worth taking. It came after a week of attacks on Iranian nuclear and military targets by Israel, which says Iran was days or weeks from having the capability to build a nuclear weapon. Iran’s Islamic theocracy has long threatened Israel’s destruction, and a nuke would give them the means to do it.

Starting June 13, Israel mounted a brilliant campaign that neutered Iran’s air-defense network, killed several military leaders, and damaged Iran’s nuclear complex. But it needed American help to finish the job. Only American “bunker buster” bombs had the heft to penetrate deeply buried facilities at the heart of Iran’s nuclear program.

Trump okayed the raid, and American warplanes dropped at least a dozen of the giant bombs on June 21. Trump says Iran’s nuclear program is gone. Maybe. It could take days or weeks to determine if the bombs destroyed everything on the target list. The Pentagon may never know for sure. Iran could have moved some nuclear material or other parts of the program to reconstitute later.

Trump obviously hopes the June 21 strikes are a one-and-done operation. That would allow him to refocus on a trade war that has key deadlines approaching and a huge tax bill that’s bogging down in Congress.

But Iran may not cooperate. “Wars are easy to start, but difficult to end,” Byron Callan of Capital Alpha Partners wrote in a June 22 analysis. “We are highly skeptical that Iran ‘surrenders.’”

Iran is in a weak position, yet it may influence the outcome of Trump’s economic agenda, not to mention other Trump priorities such as immigration enforcement and anything else that depends on Trump holding a reasonable level of popular support at home. Wars can boost a president’s popularity and political capital if they go well (and quickly), but they can also drag down a presidency if they bog down or go off the rails. President Lyndon Johnson, most famously, dropped his 1968 reelection bid as opposition to the Vietnam War exploded.

***Drop Rick Newman a note******, take his*** ***weekly economy quiz******, or*** ***sign up for his newsletter******.***

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 期权热点｜上周五 NBIS 大涨 9%，部分看涨期权飙升 378% | 美东时间 02 月 13 日，Nebius 期权总成交 179098 张，看涨期权占比 71%，看跌期权占比 28%。 | [Link](https://longbridge.com/en/news/276030151.md) |
| 港股异动：澜起科技涨 15.78%，花旗看好 AI 增长潜力，摩根大通增持助力股价攀升 | 澜起科技涨 15.78%；华虹半导体涨 1.57%，成交额达到 4.31 亿港币；中芯国际跌 0.36%，成交额达到 3.68 亿港币；兆易创新涨 14.27%，成交额达到 2.75 亿港币；豪威集团涨 0.79%，市值达到 1286 亿港 | [Link](https://longbridge.com/en/news/276028521.md) |
| 我国 1 月非石油国内出口上扬 9.3％ \| 联合早报网 | 我国 1 月非石油国内出口（NODX）同比增长 9.3%，延续前一个月的 6.1% 涨势。电子出口强劲增长 56.1%，主要受人工智能需求推动，集成电路、磁盘媒体和电脑零件分别增长 80.5%、70.2% 和 24%。非电子出口下滑 3%， | [Link](https://longbridge.com/en/news/276019535.md) |
| Codeifai 进入由 AI 支持的量子安全市场 | Codeifai Ltd：CODEIFAI 进入人工智能支持的量子安全市场，完成对 AntennaTransfer.Io 的收购，总对价为 130 万澳元 | [Link](https://longbridge.com/en/news/276015719.md) |
| 奥运会 - 花样滑冰 - 美国花样滑冰协会决定不对 Chock 和 Bates 的冰舞成绩提出上诉 | 美国花样滑冰协会将不会对米兰 - 科尔蒂纳冬奥会的冰舞结果提出上诉，麦迪逊·乔克和埃文·贝茨获得银牌。尽管他们在整个赛季中保持不败，粉丝们仍然发起请愿，要求对分数进行复审，因为他们认为这对组合应当获得金牌。美国花样滑冰协会对他们的表现给予了 | [Link](https://longbridge.com/en/news/276012027.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.