President Donald Trump announced on Monday on Truth Social that he is imposing a 25% tariff on all countries doing business with Iran “effective immediately.”

President Donald Trump announced on Monday in a social media post that he is imposing a 25% tariff on all countries doing business with Iran.

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“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.

While the president did not provide any further details, he added that “This Order is final and conclusive.”

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