US threatens 25% tariff on nations doing business with Iran

US threatens 25% tariff on nations doing business with Iran

Trump has threatened tariffs on countries trading with Iran as US-Iran nuclear talks resume amid ongoing tensions and economic sanctions.

US President Donald Trump signed an executive order on Friday threatening tariffs on countries that trade with Iran, citing national security concerns. The order allows for tariffs up to 25% on goods imported into the US from any nation that “directly or indirectly purchases, imports, or otherwise acquires any goods or services from Iran.” Trump emphasized his long-standing stance of “no nuclear weapons” for Iran.

The announcement coincides with US-Iran talks in Oman, involving high-level officials including Trump’s special envoy Jared Kushner and Iranian Foreign Minister Abbas Araghchi. Trump said the discussions were “very good” and warned of “steep consequences” if Iran refuses a deal. Meanwhile, Iran’s economy remains under pressure due to previous sanctions, while major trade partners like China, Iraq, and Turkey continue to purchase Iranian goods.

READ MORE AT BBC.

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