Trump signs order threatening tariffs
Change
President Donald Trump signed an executive order authorizing additional tariffs on countries that trade with Iran.
Why it matters
The order was issued on Friday. It authorizes additional tariffs on goods imported into the United States from any nation that directly or indirectly purchases, imports, or otherwise acquires goods or services from Iran. The order does not specify a tariff rate and gives 25% as an example. The scope covers goods imported into the United States from qualifying nations.
Implications
- • Goods imported into the United States from nations that directly or indirectly trade with Iran are subject to additional tariffs under the order.
- • Tariff rates are unspecified in the order, with 25% presented only as an illustrative example.
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