Trump vows 25% tariff on countries doing business with Iran


President Donald Trump - Photo: AP

President Donald Trump said he is imposing a 25% tariff on goods from countries "doing business” with Iran, ratcheting up pressure on the government in Tehran that has been rocked by widespread protests. 

Trump posted on social media on Monday that the new duty would be "effective immediately,” without providing details about the scope or implementation of the charges. The action has the potential to disrupt major US trading relationships across the globe. Iran’s partners include not only neighbouring states, but large economies including India, Turkey and China. 

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

George Kent redeems RM132mil sukuk
Aemulus wins RM10.5mil order, marks debut in India
ICT Zone Asia secures RM24.5mil ICT hardware purchase order
FBM KLCI remains steady amid choppy trading
China's yuan edges down as dollar gains; investors watch Iran war talks
MTT Shipping and Logistics targets RM652.5mil IPO to fund fleet expansion
Trump's tariffs had little impact on GDP in 2025, but raised revenue, academic paper finds
Oil prices climb as investors reassess Middle East ceasefire prospects
Lynas to develop rare earths metal production plant in Vietnam
Kenanga sees value in Astro, TA Securities issues sell call

Others Also Read