Trump Announces Immediate 25% Tariffs on Countries Doing Business with Iran

U.S. President Donald Trump said on Jan. 13 the United States will impose a 25% tariff on any country doing business with Iran, BlockBeats reports citing Jin10. Trump announced the tariffs on social media Monday, stating they would take effect immediately without providing details on scope or implementation. Iran is currently facing large-scale nationwide protests, and the policy could affect major trading partners including neighboring countries and large economies such as India, Turkey and China.