US President Donald Trump has declared that any country doing business with the Islamic Republic of Iran will face a 25 per cent tariff on trade with the United States, effective immediately, in a post on Truth Social. This measure aims to increase economic pressure on Tehran as nationwide protests continue.
Key developments:
• 25% tariff applies to nations trading with Iran, without detailed legal framework published.
• Major economies potentially affected include China, India, Türkiye, Iraq and UAE.
• China has criticised the move, emphasising it will protect its lawful interests and oppose unilateral sanctions.
• The tariff announcement coincides with continuing unrest in Iran, where protests have been met with a harsh crackdown, contributing to rising tensions.
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