Trump Iran News | Trump's Iran Tariff Gambit, No Fine Print, Big Hit Likely for China
US President Donald Trump has issued a fresh threat against Iran, announcing a 25 per cent tariff on countries trading with Tehran, effective immediately. The move targets Iran’s key trade partners rather than Iran itself, with China likely to be the most exposed, importing nearly 90 per cent of Iran’s crude oil. Announced via Trump’s Truth Social account, the decision comes without detailed guidelines or exemptions, raising questions over enforcement, legality, and potential impact on strategic partners like India, even as Washington intensifies economic pressure following similar action against Venezuela.
