The U.S. will apply a 50% tariff on goods from countries supplying military weapons to Iran, effective immediately, President Donald Trump said in a Truth Social post Wednesday.
“There will be no exclusions or exemptions!” Trump wrote, without naming specific countries that would be tariffed. The White House has yet to publish any official documentation of the tariff as of Wednesday morning and Trump did not indicate how the levy would be installed.
Earlier this year, the Supreme Court struck down Trump’s ability to unilaterally impose broad tariffs using the International Emergency Economic Powers Act, a statute the president had frequently leveraged to enact levies.
