Trump says countries doing business with Iran face 25% tariff

FILE PHOTO: U.S. President Donald Trump looks on as he signs executive orders and proclamations in the Oval Office at the White House, in Washington, D.C., U.S., May 5, 2025. REUTERS/Leah Millis/File Photo

WASHINGTON, Jan ‌12 (Reuters) - U.S. President ‌Donald Trump said ‌on Monday that any country that does business with ‍Iran will be ‍subjected to ‌a tariff rate of ‍25% ​on any business conducted ⁠with the United States.

"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 said in a post ‌on Truth Social.

"This Order is final and ​conclusive," he said.

(Reporting by Kanishka Singh and Bhargav Acharya)