US EditionWhich Countries Do Business with Iran and What Could New US Tariffs Mean?
President Trump targets major Iran trade partners with a 25% tariff to pressure Iran's economy amid ongoing legal challenges and escalating geopolitical tensions.
- On Monday, President Donald Trump announced a 25% tariff on countries trading with Iran, effective immediately, warning the United States would be "screwed" if the tariffs are not upheld.
- Trade data show China is Iran's largest export partner, buying more than $14bn in the year to October 2025, while Iraq received $10.5bn and exports to Turkey rose to $7.3bn last year.
- Experts note previous tariffs under the International Emergency Economic Powers Act face a legal challenge, with the US Supreme Court due to rule as soon as Wednesday, and the White House has not explained how enforcement would work.
- Amid a domestic crackdown, Beijing has warned it will "take all necessary measures to safeguard its legitimate rights and interests," as new tariffs threaten Iran's struggling economy and 92 million people.
- Complicating enforcement, analysts note Iran used shadow ships and accepted Chinese yuan payments, while the tariff threat risks disrupting global supply chains and prompting retaliation with rare earths; US military and covert options are under review.
19 Articles
19 Articles
Iran has qualified Trup's "illegal and demonic" measures and calls on the United Nations to intervene in the interests of the State of International Law.
Trump’s Iran tariffs: How will they impact the MENA region?
US President Donald Trump on Monday announced new tariffs aimed at further isolating Iran's already strained economy, as the country faces its largest wave of anti-government protests in years. Here is what we know so far. What has the US announced? In a post on Truth Social, Trump said the United States would impose a 25 percent tariff on any country that continues to do business with Iran. "Effective immediately, any country doing business wit…
The US President Donald Trump's threat to tax 25% of the countries dealing with Iran increased the risk of destabilising the fragile trade agreement between Washington and Beijing, under conditions where China is the largest trade partner in Tehran, reports the CNBC.
In this context, Brent's barrel price exceeded the $64 threshold this Tuesday.
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