The President of the United States, Donald Trump, signed an executive order this Friday establishing an additional 25% tariff on products from countries that purchase, import, or acquire goods or services from Iran, considering that Tehran's actions represent a threat to national security. The order, released by the White House, recalls that the national emergency related to Iran was first declared in 1995 and has been extended on several occasions, including sanctions on energy, petrochemical, and human rights sectors. The new sanction for countries that engage in commercial relations with Tehran is, according to the Trump administration, a 'consequence' of the fact that Iranian policy continues to pose a risk that requires additional measures. The Secretary of Commerce will identify countries that conduct transactions with Iran, and the Secretary of State, in consultation with other officials, will determine the extent of the tariff. Trump may modify the order in response to retaliation from other countries or if Iran or the affected parties adopt measures aligned with U.S. policy.
Trump Imposes 25% Tariff on Countries Buying Goods from Iran
US President Donald Trump signed an executive order imposing a 25% tariff on countries trading with Iran, citing Tehran's actions as a national security threat.