Trump signs order threatening tariffs on nations doing business with Iran

U.S. President Donald Trump at the White House in Washington
U.S. President Donald Trump speaks on the day he announced the creation of a critical mineral reserve, in the Oval Office at the White House, February 2, 2026. REUTERS/Evelyn Hockstein
Source: REUTERS

U.S. President Donald Trump signed an executive order on Friday that may impose a 25% tariff on countries that do business with Iran.

The order comes as tensions between Iran and U.S. continue to simmer even as the two countries engaged in talks this week.

This article was produced by Reuters news agency. It has not been edited by Global South World.