A recent announcement has President Trump threatening a new 25% Tariff on Iran’s trading partners. On January 12, the President announced the levies on a social media post. Notable countries that the tariff could affect include India, China, the United Arab Emirates, Turkey, and others. Although the White House has not published final guidelines, Trump noted that the decision was “final and conclusive”. With the Supreme Court currently examining the legality of other tariffs issued by Trump, this announcement further heightens uncertainty. Why Is Trump Threatening A New 25% Tariff on Iran’s Trading Partners? The primary reason for the 25% tariff is ongoing geopolitical tensions. Ongoing protests in Iran resulted in casualties of over 2000 people, and the tariff is a pressure against it. Trump recently stated, “If Tehran violently kills peaceful protesters, they will come to their rescue.” The president issued similar “secondary tariffs” last year for countries that buy oil from V...
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