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CNBC

Countries doing business with Iran will pay 25% on business with U.S.

CNBC · New
CNBC
CNBC
New

President Trump has declared, via a Truth Social post, that the United States will impose a 25% tariff on any country engaging in business with Iran. This measure, described as final and conclusive, is expected to primarily affect major Iranian trading partners such as China and Russia.

Breakdown
  • Trump announces 25% tariff on countries doing business with Iran 3s
  • China is Iran's largest trading partner, mainly buying oil 20s
  • Tariff could affect U.S.-China trade and consumer prices 44s
  • Russia and China are the main countries impacted by the order 1m 3s
  • Oil prices and China-related ETFs may react to the announcement 1m 14s