""Effective immediately, any Country doing business with the Islamic Republic of Iran will pay a Tariff of 25pc on any and all business being done with the United States of America," Trump said in a post on Truth Social. Tariffs are paid by U.S. importers of goods from those countries. Iran, a member of the OPEC oil producing group, has been heavily sanctioned by Washington for years. It exports much of its oil to China, with Turkey, Iraq, the United Arab Emirates and India among its other top trading partners."
"There was no official documentation from the White House of the policy on its website, nor information about the legal authority Trump would use to impose the tariffs, or whether they would be aimed at all of Iran's trading partners. The White House did not respond to a request for comment. The Chinese embassy in Washington criticized Trump's approach, saying China will take "all necessary measures" to safeguard its interests and opposed "any illicit unilateral sanctions and long-arm jurisdiction.""
Iran is facing its biggest anti-government protests in years. Trump announced an immediate 25pc tariff on any country doing business with Iran. Tariffs are paid by U.S. importers. Iran exports much oil to China and also trades with Turkey, Iraq, the United Arab Emirates and India. The White House posted no official documentation or legal authority for the tariff order and did not respond to requests for comment. The Chinese embassy warned it will take "all necessary measures" to safeguard interests and opposed "any illicit unilateral sanctions and long-arm jurisdiction." South Korea and Japan said they are closely monitoring and may take measures.
Read at Irish Independent
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