Trump Announces 25% Additional Tariff on Countries Doing Business with Iran.
US President Donald Trump announced that he will impose a 25% additional customs duty on all countries that conduct trade with Iran. The decision was announced via Truth Social as "effective immediately." Trump's statement: "Any country doing business with Iran will now pay a 25% tariff on all business with the United States. This order is final." The decision comes after the harsh crackdown on anti-regime protests in Iran. Major Iranian trading partners such as China, India, Turkey, and the UAE will be directly affected. While limited market fluctuations are observed, the details of the implementation are not yet clear.
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Trump Announces 25% Additional Tariff on Countries Doing Business with Iran.
US President Donald Trump announced that he will impose a 25% additional customs duty on all countries that conduct trade with Iran. The decision was announced via Truth Social as "effective immediately." Trump's statement:
"Any country doing business with Iran will now pay a 25% tariff on all business with the United States. This order is final."
The decision comes after the harsh crackdown on anti-regime protests in Iran. Major Iranian trading partners such as China, India, Turkey, and the UAE will be directly affected. While limited market fluctuations are observed, the details of the implementation are not yet clear.