🚨 BREAKING: Trump just announced a 25% tariff on any country doing business with Iran.
The order is effective immediately and applies to all trade with the U.S.
This is huge.
It directly hits:
• China (Iran’s largest oil buyer) • India (about $1.68B in annual Iran trade) • Turkey, UAE, Iraq and other regional hubs
For India, this stacks on top of the existing 50% U.S. tariffs tied to Russian oil pushing potential exposure toward 75%.
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🚨 BREAKING: Trump just announced a 25% tariff on any country doing business with Iran.
The order is effective immediately and applies to all trade with the U.S.
This is huge.
It directly hits:
• China (Iran’s largest oil buyer)
• India (about $1.68B in annual Iran trade)
• Turkey, UAE, Iraq and other regional hubs
For India, this stacks on top of the existing 50% U.S. tariffs tied to Russian oil pushing potential exposure toward 75%.