Trump Threatened 25% Tariff on Countries Trading With Iran

MACROECONOMY 
Trump Threatened 25% Tariff on Countries Trading With Iran 
Donald Trump said the U.S. would impose a 25% tariff on all trade with any country that continues doing business with Iran, with the measure taking effect immediately, according to a statement posted on Truth Social. The tariff would be paid by U.S. importers and adds pressure on Iran, whose oil exports are mainly shipped to China, while Turkey, Iraq, the UAE, and India are also key trading partners. The White House has yet to publish formal documentation or clarify the legal basis and scope of the proposed tariff. (Reuters)

COMPANY 
BCAS: 12M25 - 4W Wholesales & 2W Sales 
- Astra posted sales of 40.95k units in Dec 2025, +13.6% yoy despite -2.9% yoy; with market share declining to 43.5% in Dec (vs 48.5% in Nov-25). Non Astra sales rose high 41.6% yoy and 39.5% mom, driven by Vinfast. 
- Dec 25 - 4W retail sales also showed exiting improvement with +14.3% yoy and 18.3% mom due to: a) year end discount attracted more sales and b) an extraordinary sales on Vinfast. 
- 2025 4W Wholesales fell 7% yoy, accounting for *103% of Gaikindo's revised target of 780k sales in 2025. 
- 2W domestic sales in Dec-25 showed resilience +14.5% yoy despite -11.8% mom, cumulative 12M25 sales reached 6.4 mn units or +1.3% yoy.