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Trump says countries doing business with Iran face 25% tariff

By Thomson Reuters Jan 12, 2026 | 3:55 PM

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)