US President Donald Trump warns of imposing a 25% tariff on nations engaging in trade with Iran
Trump Announces 25% Tariff on Countries Trading with Iran
According to a Reuters report on Monday, US President Donald Trump declared that nations engaging in commerce with Iran will now be subject to a 25% tariff on all transactions with the United States, with this policy taking effect immediately.
In a statement shared on Truth Social, Trump said, "Starting now, any nation that maintains business ties with the Islamic Republic of Iran will incur a 25% tariff on every transaction conducted with the United States."
Impact on Financial Markets
As of the latest update, the US Dollar Index (DXY) was hovering near 98.90, reflecting a 0.24% decline for the day.
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