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Trump says any country doing business with Iran will face 25% U.S. tariff
CNBC· 2026-01-12 21:58
Core Viewpoint - President Trump announced a 25% tariff on any business conducted with Iran by its trading partners, effective immediately, as part of an effort to economically isolate Iran amid ongoing protests in the country [1][2]. Group 1: Tariff Announcement - The new tariff applies to all imports from countries doing business with Iran, signaling a significant escalation in economic pressure [1]. - The announcement was made via a post on Truth Social, but further details regarding the implementation of the tariff were not provided [2]. Group 2: Context of Protests - Iran is currently facing massive anti-government protests, with reports of dozens of protesters killed in recent weeks [3]. - President Trump has expressed support for the protests, indicating that the U.S. is ready to assist those seeking freedom in Iran [3]. Group 3: Legal Considerations - The tariff announcement comes ahead of a Supreme Court ruling on the legality of Trump's previous tariffs, which were enacted under the International Emergency Economic Powers Act (IEEPA) [4]. - It remains unclear if the new tariffs related to Iran will also be justified under the same legal framework [4].