Skip to main content

Trump says countries doing business with Iran face 25% tariff

1 min Mena Today

U.S. President Donald Trump said on Monday that any country that does business with Iran will be subjected to a tariff rate of 25% on any business conducted with the United States.

This Order is final and conclusive © Mena Today 

This Order is final and conclusive © Mena Today 

U.S. President Donald Trump said on Monday that any country that does business with Iran will be subjected to a tariff rate of 25% on any business conducted with the United States.

"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," Trump said in a post on Truth Social.

"This Order is final and conclusive," he said.

Reporting by Kanishka Singh and Bhargav Acharya

Tags

Related

Strait of Hormuz

Draft Iranian bill targets US, Israeli shipping in Hormuz

An Iranian parliamentary committee is reviewing a preliminary bill that would bar U.S., Israeli and other "hostile" vessels from transiting the Strait of Hormuz, Iran's semi-official Fars news agency reported, citing a lawmaker.

Iran

Trump's Iran trap: A war with no exit

With President Donald Trump’s war against Iran now in its sixth month, this week's flurry of threats and diplomacy has underscored the ever-tighter bind he finds himself in as he tries to extricate the U.S. from an unpopular conflict he originally claimed would last just weeks.

Subscribe to our newsletter

Mena banner 4

To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.

  • Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.