U.S. President Donald Trump signed an executive order on Friday authorizing the potential imposition of a 25% tariff on countries that engage in trade with Iran. The order aims to increase economic pressure on Iran by targeting nations that maintain business relationships with the country.
The move is part of the U.S. administration’s broader strategy to curb Iran’s economic activities and influence. Specific details on which countries may be affected or how the tariffs will be implemented have not yet been disclosed.
**Why this matters**
This executive order signals a tougher U.S. stance on Iran and could impact international trade relations. Countries that have economic ties with Iran may face increased costs or sanctions, potentially affecting global markets and diplomatic relations.
Source: NewsData