President Donald Trump stated a brand new 25% tariff on countries that do business with Iran is “effective immediately.”
“Effective immediately, any Country doing business with the Islamic Republic of Iran will pay a Tariff of 25% on any and all business being done with the United States of America,” Trump wrote on Truth Social on Monday. “This Order is final and conclusive,” he added.
Notably, China is certainly one of Iran’s main buying and selling companions.
NCS has reached out to the White House for added data on the tariff and the way the Trump administration plans to implement it.
This is a creating story and shall be up to date.