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Trump announces 25% tariff for countries doing business with Iran

( January 12, 2026, 21:58 GMT | Official Statement) -- MLex Summary: US President Donald Trump said in a post on his Truth Social platform that the US will apply 25 percent tariffs to any nation doing business with Iran. The Middle Eastern nation’s top trading partner is China, already the subject of an average tariff rate of 47.5 percent on goods imported to the US, while India, another major trade lifeline, is subject to a 25 percent rate.Trump's social media post follows:...

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