President Donald Trump said on Monday any country that does business with Iran will face a tariff rate of 25% on trade with the U.S., 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," Trump said in a post on Truth Social.
Tariffs are paid by U.S. 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.
The White House did not respond to a request for comment.
Iran, which had a 12-day war with U.S. ally Israel last year and whose nuclear facilities the U.S. military bombed in June, is seeing its biggest anti-government demonstrations in years.
Trump has said the U.S. may meet Iranian officials and that he was in contact with Iran's opposition, while piling pressure on its leaders, including threatening military action.
Tehran said on Monday (12 January) it was keeping communication channels with Washington open as Trump considered how to respond to the situation in Iran, which has posed one of the gravest tests of clerical rule in the country since the Islamic Revolution in 1979.
Demonstrations evolved from complaints about dire economic hardships to defiant calls for the fall of the deeply entrenched clerical establishment.
U.S.-based rights group HRANA said it had verified the deaths of 599 people - 510 protesters and 89 security personnel - since the protests began on 28 December.
While air strikes were one of many alternatives open to Trump, "diplomacy is always the first option for the president," White House press secretary Karoline Leavitt said on Monday.
During the course of his second term in office, Trump has often threatened and imposed tariffs on other countries over their ties with U.S. adversaries and over trade policies that he has described as unfair to Washington.
Trump's trade policy is under legal pressure as the U.S. Supreme Court is considering striking down a broad swathe of Trump's existing tariffs.
Iran, a member of the OPEC oil producers group, exported products to 147 trading partners in 2022, according to World Bank's most recent data.
The Iran-U.S.-Israel conflict is escalating further with missile and drone attacks, expanded strikes on key infrastructure, and growing regional fa...
Heavy rain, flash floods and lightning strikes across Afghanistan have killed 28 people and destroyed hundreds of homes in Kabul, Herat and other p...
Some 20,000 seafarers remain stranded on around 2,000 ships in the Strait of Hormuz amid the ongoing Middle East conflict, in what has been describ...
The U.S. national average retail price of petrol rose above $4 a gallon for the first time in over three years on Monday (30 March), according to G...
Japan and Indonesia will deepen coordination on energy security, Tokyo said, as the U.S.-Israeli war on Iran disrupts vital oil and gas flows to As...
The Iran-U.S.-Israel conflict is escalating further with missile and drone attacks, expanded strikes on key infrastructure, and growing regional fallout. At the same time, diplomatic efforts to de-escalate began to emerge amid rising global energy and security concerns.
Japan and Indonesia will deepen coordination on energy security, Tokyo said, as the U.S.-Israeli war on Iran disrupts vital oil and gas flows to Asia.
China's three largest state-owned airlines have issued warnings regarding their financial outlook for the current year, acknowledging that the eruption of war involving Iran has driven jet fuel prices to unsustainable highs.
The European Union's top diplomat Kaja Kallas and several EU foreign ministers arrived in Kyiv on Tuesday to mark the fourth anniversary of the Bucha massacre and to voice their support for Ukraine, amid tensions within the bloc over blocked EU aid.
U.S. President Donald Trump has said that the U.S is in talks with the new Iranian regime. He said this in a post on his Truth Social account but warned that the U.S. will "Obliterate" Iran's electric and oil facilities if no deal is reached, especially regarding the Strait of Hormuz closure.
NASA is aiming to launch its Artemis 2 mission on Wednesday (1 April), sending astronauts on a 10-day journey around the Moon, officials confirmed. According to the Space Administration, the launch window is due to open at 23:24 GMT, with additional opportunities to 6 April if delays occur.
The Iran-U.S.-Israel conflict is escalating further with missile and drone attacks, expanded strikes on key infrastructure, and growing regional fallout. At the same time, diplomatic efforts to de-escalate began to emerge amid rising global energy and security concerns.
A senior Iranian military officer warned that American troops will become ‘food for sharks’ on Sunday if the U.S. launches a ground offensive in Iran. The threat came as contingents of U.S. Marines began to arrive in the Middle East, with thousands expected to be deployed in the region.
The Israeli military said on Monday that Iran launched multiple waves of missiles at Israel, and an attack had also been launched from Yemen for the second time since the U.S.-Israeli war began on Tehran. It said two drones from Yemen were intercepted early 30 March but gave no further details.
The European Union's top diplomat Kaja Kallas and several EU foreign ministers arrived in Kyiv on Tuesday to mark the fourth anniversary of the Bucha massacre and to voice their support for Ukraine, amid tensions within the bloc over blocked EU aid.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 31 March, covering the latest developments you need to know.
The Australian government has threatened to go to court in a bid to sue social media giants for allegedly flouting a ban on under-16s, as its internet regulator disclosed it is investigating some of the biggest platforms for suspected non-compliance with the world-first measure.
At least 70 people have been killed and more than 30 wounded in a gang attack in Haiti’s Artibonite region, according to two rights organisations, as thousands of residents fled the violence in the towns of Jean Denis and Pont Sondé.
Russia has expelled a British diplomat, accusing him of economic espionage in a move that further strains already tense relations between Moscow and London. The United Kingdom described the action as intimidation and rejected the allegations outright, Reuters reports.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment