"The executive order, which takes effect on Saturday, directs the administration to impose new tariffs on countries that still do business with Iran. It states that tariffs "may be imposed on goods imported into the United States that are products of any country that directly or indirectly purchases, imports, or otherwise acquires any goods or services from Iran." The order also sets out a mechanism for determining and applying those duties, with US Secretary of State Marco Rubio tasked with setting the rate."
"Such measures would hit trade with China Iran's largest trading partner and the biggest buyer of Iranian oil along with Russia, Germany, Turkey and the United Arab Emirates. The White House said the tariff was aimed at "holding Iran accountable for its pursuit of nuclear capabilities, support for terrorism, ballistic missile development and regional destabilization that endanger American security, allies, and interests." Trump has repeatedly threatened Iran's leadership, citing its brutal crackdown on demonstrators during recent mass protests as well as its controversial nuclear program."
US President Donald Trump signed an executive order authorizing tariffs of up to 25% on goods from any country that directly or indirectly purchases, imports, or acquires goods or services from Iran. The order instructs the administration to determine and apply those duties and assigns the US Secretary of State Marco Rubio responsibility for setting rates. The measure targets major trading partners of Iran, including China, Russia, Germany, Turkey and the United Arab Emirates. The White House stated the tariffs aim to hold Iran accountable for nuclear ambitions, support for terrorism, ballistic-missile development, regional destabilization, and its violent crackdown on protesters.
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