Trump threatens 25% tariff on nations doing business with Iran

President Donald Trump announced on Truth Social a 25% tariff on any country doing business with Iran; the White House had not posted formal documentation or explained the legal authority behind the measure.

President Donald Trump said any country doing business with Iran would face a 25 per cent tariff on trade with the United States in a post on Truth Social. The post described the order as "effective immediately" and "final and conclusive" but offered no further detail. At the time of the report, there was no formal documentation on the White House website and officials had not explained the legal basis for the measure. The announcement comes as Iran is experiencing widespread anti-government protests and as U.S. officials weigh how to respond. Key facts: - Trump posted that any country doing business with Iran would face a 25% tariff on trade with the United States. - There was no official White House documentation or explanation of the legal authority for the tariff at the time of the report. - Tariffs are typically paid by U.S. importers, and Iran's top export destinations include countries such as China, the United Arab Emirates and India. - The U.S. Supreme Court is considering challenges to existing tariffs, and Iran said it was keeping communication channels with Washington open. Summary: The announcement may affect trade relations between the United States and countries that trade with Iran and raises unresolved legal and procedural questions. Undetermined at this time.