Trump Tariff: 25% tariff on India again? Doing business with Iran will be expensive, Donald Trump announces

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US President Donald Trump has once again stirred up global trade. Trump has made a shocking announcement that any country trading with Iran will now have to pay an additional 25% import tariff to gain access to the American market. This decision is likely to hit countries like India, China, and the United Arab Emirates (UAE) the hardest. Trump has clearly warned that countries providing financial support to Iran's rulers will have to pay a high price at the door of the American market.

Trump's announcement has elicited strong reactions in the international trade sector. Major countries trading with Iran include India, China, Turkey, UAE, Pakistan, and Armenia. This strict policy by the US poses a significant threat to the economies of these countries. Particularly, countries with large economies like India and China may face challenges in the American export market. Trump has made these decisions against the backdrop of an anti-Iran policy, stating that they are necessary for the interests of US national security.

China has immediately responded strongly to this announcement. China stated that 'the serious consequences of the US's 25% tariff decision will have to be borne by the US itself.' China has warned of imposing retaliatory tariffs on American products, and there is a possibility of the global trade war heating up again. Countries like India import mineral oil and other goods from Iran, so Indian products will now face an additional tariff burden in the American market. Political analysts say this policy is part of the Trump administration's anti-Iran campaign.

Meanwhile, in the international market, oil prices have risen following this announcement, creating instability in the currency market. Attention is focused on whether the World Trade Organization (WTO) will intervene due to Trump's decision. The Indian government has not yet given an official response, but it is reported that the Ministry of Commerce has become alert. These developments have posed a threat to the stability of the global economy, and it is being expressed that Trump's policy will accelerate the economic isolation of war-torn Iran.