In a bold move against Iran, US President Donald Trump has unveiled a plan to impose hefty tariffs on nations engaging in trade with Iran.
Trump declared that the United States will apply a 25% tariff on any country doing business with Iran to exert economic pressure. This announcement was shared on the social media platform, Truth Social.
Effective immediately, this tariff impacts all states engaging with the Islamic Republic of Iran, requiring them to pay a 25% tariff on U.S. transactions as well. This decision is definitive.
Source: aajtak
This proclamation arrives amid fierce protests and escalating tension between the USA and Iran. Trump's decision may strain global relations, as Iran's business allies include not only neighboring countries but also India, Turkey, China, and the UAE.
No detailed methodology on implementing the tariff has been shared yet, including affected countries' specifics or potential exemptions.
Tensions Between the US and Iran
The ongoing protests have intensified the conflict between the United States and Iran. For more than two weeks, anti-government demonstrations have gripped Iran, reportedly resulting in the death of approximately 600 individuals and the detention of over 10,670.
Trump has staunchly backed the protesters and warned of American intervention should violence erupt against them.
Moreover, the White House suggests that President Trump is considering all options to tackle Iran, with the prospect of an airstrike not ruled out. Conversely, Iran's Supreme Leader Ayatollah Ali Khamenei holds the United States and Israel responsible for the unrest, frequently issuing stern warnings to America. Recently, Khamenei advised Trump to focus on domestic affairs.
