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US President Donald Trump has warned that countries continuing trade with Iran will face a 25% tariff from the United States. The move is aimed at increasing pressure on Tehran over its crackdown on anti-government protests.
US Warns Iran Trade Partners of Immediate Tariff Action
Washington DC: US President Donald Trump has threatened to impose a 25 percent tariff on countries trading with Iran. He says the US may have to take drastic measures to stop the violent crackdown on anti-government protests in Iran. According to Trump, nearly 600 people have died during protests across the country, which amounts to crossing a "red line."
Trump stated in a social media post that the tariffs imposed on Iran's trading partners will take effect immediately. This decision could affect several major countries trading with Iran, including China, Brazil, Turkey, and Russia.
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The US President says the tariffs are being imposed to pressure Iran to stop the lethal force allegedly being used against anti-government protesters there. Trump has previously warned that the US may consider military action if Iran continues to resort to violence.
Following Trump's announcement, questions are being raised about the definition of "trade" with Iran. Whether tariffs will be imposed only on goods or on services as well is unclear. Analysts believe this policy could increase uncertainty in global trade.
China could be most impacted by the new tariffs. If the 25 percent additional duty is implemented, the total tariff on goods coming from China to the US could reach 45 percent. Previously, the US-China trade war has caused significant fluctuations in global markets.
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In addition to China, India, the United Arab Emirates, and Turkey are also considered major trading partners of Iran. Trump has hinted that stricter tariffs could also be imposed on countries that buy Russian oil, which is likely to impact many economies, including India.
Trump's threat has increased concerns in international markets. Experts believe that if the tariffs are implemented, it could have a profound impact on global trade and diplomatic relations.