"US President Donald Trump on Monday announced a 25% tariff on any country that does business with Iran "effectively immediately." Trump wrote on his Truth Social platform that "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," while giving few other details."
"The tariffs appear to signal Washington's response to the unrest, coming after the Trump administration publicly ruled out military action against Tehran. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Why will China be impacted most by the new tariff? China is the primary buyer of Iranian oil, which remains under international sanctions over Tehran's nuclear program."
"China received around 80% of Iran's crude exports last year, according to energy-tracking firm Kpler in Brussels, Belgium. To keep sanctioned oil flowing, Iran relies on a sophisticated shadow-fleet network, including ship-to-ship transfers often in Southeast Asian or Arabian Gulf waters and the relabeling of oil cargoes as originating from other countries, such as Malaysia or the United Arab Emirates (UAE). An oil tanker tracker by the US nonprofit United Against Nuclear Iran estimated that China received 19.5 million barrels of Iranian oil last year."
US President Donald Trump announced a 25% tariff, effective immediately, on any country that does business with Iran. The announcement follows Iran's largest antigovernment protests in years and a brutal crackdown that killed hundreds and led to more than 10,000 arrests. The tariffs signal a Washington response after ruling out military action. China, the primary buyer of Iranian oil, received around 80% of Iran's crude exports last year and an estimated 19.5 million barrels by one tracker. Iran maintains oil flows through a shadow-fleet network with ship-to-ship transfers and relabeling, generating roughly $43 billion annually and sustaining the Iranian economy.
Read at www.dw.com
Unable to calculate read time
Collection
[
|
...
]