President Donald Trump announced on Monday that any country conducting business with Iran will face a 25 per cent tariff on all trade with the United States.
The tariff on imports from Iran’s trading partners took effect immediately, Trump said in a Truth Social post.
“This Order is final and conclusive. Thank you for your attention to this matter!” he wrote.
US President Trump announces immediate Iran trade tariffs following protest crackdown
The measure to economically isolate Iran comes as the country faces mass anti-government protests. Dozens of protesters have reportedly been killed in recent weeks. Trump has threatened to take action against Iran if the killings continue.
The president has encouraged the demonstrations against the Iranian regime. “Iran is looking at FREEDOM, perhaps like never before. The USA stands ready to help!!!” he wrote on social media on Saturday.
The announcement comes ahead of a Supreme Court ruling on whether many of Trump’s tariffs are constitutional.
Those tariffs include his “reciprocal” duties from early April and others related to fentanyl trafficking. They were invoked using the International Emergency Economic Powers Act, or IEEPA.
It remained unclear if Trump’s Iran-related tariffs also rest on that law.
