Trump Unleashes New 25% Tariff on Iran's Business Partners, Targets China
America
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News18•13-01-2026, 08:32
Trump Unleashes New 25% Tariff on Iran's Business Partners, Targets China
- •Donald Trump announced a new 25% tariff on countries doing business with Iran, effective immediately.
- •The decision aims to pressure Iran amid ongoing violent protests and threats of military action.
- •The tariff could significantly increase costs for goods from China, potentially reaching 45% due to existing tariffs.
- •Questions remain about the implementation details of the new tariff and what constitutes 'doing business with Iran'.
- •India, UAE, and Turkey are also major trading partners with Iran and could be affected; India previously faced increased tariffs for buying Russian oil.
Why It Matters: Trump imposes a 25% tariff on Iran's trade partners, escalating economic pressure and impacting global trade.
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