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Trump says any country doing business with Iran will face 25% U.S. tariff (www.cnbc.com)

submitted 6 months ago by IndustryStandard@lemmy.world to c/worldnews@lemmy.ml

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President Donald Trump on Monday said any country doing business with Iran will face a 25% tariff “on any and all business being done with the United States of America.”

That new tariff on imports from Iran’s trading partners is “effective immediately,” Trump said in a Truth Social post.

“This Order is final and conclusive. Thank you for your attention to this matter!” he wrote.

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[–] tla@lemmy.world 2 points 6 months ago (1 children)

Iran is China's 38th most valuable trade partner. The US is number 1. Who are sanctions on China by the US going to hurt most?

[–] IndustryStandard@lemmy.world 7 points 6 months ago

The US soy farmers.