Trump imposes 25% tariff on countries engaged in trade with Iran

US President Donald Trump has announced that any country that does business with Iran will face a tariff rate of 25% on trade with the United States.

“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. This order is final and conclusive,” Trump said in a post on Truth Social.