Group 1 - President Trump announced a 25% tariff on any country doing business with Iran, effective immediately [1] - The White House has not provided details on the implementation of the tariff or which countries will be affected [1] - China and the United Arab Emirates are identified as major trading partners of Iran [2] Group 2 - Trade volume between China and Iran reached $13.37 billion in 2024, with China exporting $8.93 billion and importing $4.44 billion [3] - Recent data indicates that in October 2025, China exported $456 million and imported $208 million from Iran [3] - The Trump administration is attempting to negotiate a trade deal with China following a previous tariff war [3] Group 3 - The announcement of the tariff coincides with mass protests in Iran against the government, which have resulted in significant casualties and arrests [4] - Trump has expressed support for the Iranian protesters and suggested potential U.S. involvement [4] - The legality of the tariffs is under review by the Supreme Court, which could have significant financial implications for the federal government [5]
Trump says any country doing business with Iran will be hit with a 25% tariff
Business Insider·2026-01-12 22:17