Trump announces 25% US tariffs on countries that do business with Iran

President Donald Trump announced a new policy to impose a 25% tariff on goods from any country that trades with Iran. The move is seen as a significant escalation of economic pressure on Iran and its global trading partners.

Major economies like China and India, which are key trading partners for Iran, have reacted. China has vowed to protect its interests and denounced the move as coercion, while India is reportedly reviewing its trade policy and has already liquidated its stakes in an Iranian port project. The policy has created uncertainty for other nations that do business with Iran, including Pakistan and Indonesia.