Trump Threatens 50% Tariffs On Countries Supplying Military Weapons To Iran

President Donald Trump on Wednesday threatened to levy 50% tariffs on countries supplying military weapons to Iran, hours after a two-week ceasefire between the U.S. and Iran was announced.

“A Country supplying Military Weapons to Iran will be immediately tariffed, on any and all goods sold to the United States of America, 50%, effective immediately. There will be no exclusions or exemptions!” he said in a post on Truth Social.

The U.S. President also stated in another post that there will be no uranium enrichment in Iran and that the United States will work closely with the country.

“We are, and will be, talking Tariff and Sanctions relief with Iran. Many of the 15 points have already been agreed to,” he added.

The relief rally following the U.S.-Iran ceasefire announcement spurred global equity markets, with Asian markets rallying the most as easing tensions led to a slump in crude oil prices. 

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