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Markets

Trump Announces 25% Tariff on Nations Trading with Iran

Published 12 January 2026

U.S. President Donald Trump announced on Monday that the United States will impose a 25 percent tariff on all trade with any country conducting business with Iran, a move aimed at increasing economic pressure on Tehran amid ongoing antigovernment protests. The policy, declared effective immediately through a post on his Truth Social platform, targets Iran's major trading partners, including China, India, Turkey, the United Arab Emirates and Iraq.

"Any Country doing business with the Islamic Republic of Iran will pay a Tariff of 25 percent on any and all business being done with the United States of America," Trump wrote. "This Order is final and conclusive." The announcement provided no specifics on enforcement, such as how the administration would define commercial ties with Iran or whether exemptions might apply for humanitarian aid or essential goods. White House officials declined to elaborate, leaving businesses and governments uncertain about the measure's scope.

The tariff comes as Iran grapples with its third consecutive week of widespread protests, which began over economic hardships including a currency crisis but have evolved into the most significant challenge to the...

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