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(AP)–President Donald Trump speaks during a meeting with oil executives in the East Room of the White House, Jan. 9, 2026, in Washington, as Vice President JD Vance and Secretary of State Marco Rubio listen. (AP Photo/Evan Vucci, File)
Trump said in a social media post on Monday he would impose a 25% tax on imports to the United States from countries that do business with Iran. The sanctions could hurt the Islamic Republic by reducing its access to foreign goods and driving up prices, which would likely inflame tensions in a country where inflation is running above 40%.
But the tariffs could create blowback for the United States, too, potentially raising the prices Americans pay for imports from Iranian trade partners such as Turkish textiles and Indian gemstones and threatening an uneasy trade truce Trump reached last year with China.
The Trump administration has offered scant details since announcing the new tariffs targeting Iran. It’s also unclear what legal authority the president is relying on to impose the import taxes. He invoked the 1977 International Emergency Economic Powers Act to justify his most sweeping tariffs last year. But businesses and several states have gone to court arguing that Trump overstepped his authority in doing so.
