US President Donald Trump on Monday announced countries doing business with Iran will face a 25% tariff on “any and all business being done with the United States of America.”
“Effective immediately, any Country doing business with the Islamic Republic of Iran will pay a Tariff of 25% on any and all business being done with the United States of America. This Order is final and conclusive,” Trump wrote on his social media platform.
China, Brazil, Turkey and Russia are among economies that do business with Tehran.
It comes in response to reports about the Iranian government having brutally cracked down on protesters calling for an end to the clerical regime.
Iran’s supreme leader, Ayatollah Ali Khamenei, has taken a hard line against protesters, saying last week that demonstrators were “ruining their own streets to make the president of another country happy,” referring to Trump.
More to follow..
Edited by: Rana Taha