President posts online as US weighs response to situation in Iran, which is major facing anti-government protests
Donald Trump said on Monday any country that does business with Iran will face a tariff rate of 25% on trade with the US, as Washington weighs a response to the situation in Iran, which is seeing its biggest anti-government protests in years.
“Effective immediately, any Country doing business with the Islamic Republic of Iran will pay a Tariff of 25% on any and all business being done with the United States of America,” the US president said in a post on Truth Social. Tariffs are paid by US importers of goods from those countries. Iran has been heavily sanctioned by Washington for years.
“This Order is final and conclusive,” Trump said without providing any further detail. Top export destinations for Iranian goods include China, the United Arab Emirates and India.
There was no official documentation from the White House of the policy on its website, nor information about the legal authority Trump would use to impose the tariffs, or whether they would be aimed at all of Iran’s trading partners.
