On January 12, 2026, U.S. President Donald Trump announced an immediate and sweeping 25% tariff on all trade with any country that continues to conduct business with Iran. The policy, framed as an "America First" strategy, is designed to economically isolate Tehran by forcing nations to choose between access to the U.S. market and maintaining commercial ties with the Islamic Republic.
The announcement comes amid a deepening economic and political crisis within Iran. The Iranian currency has plunged to record lows, shattering public trust and stalling critical imports of fuel, food, and medicine. Analysts warn the currency collapse signals a potential breakdown in governance, with state institutions struggling to pay salaries and maintain control.
President Trump declared the order "final and conclusive," stating, "Effective immediately, any Country doing business with the Islamic Republic of Iran will pay a Tariff of 25% on any and all business being done with the United States of America." The move is expected to strain global trade relations, particularly with major economies like China and India, which maintain significant commercial links with Iran.
Initial market reaction showed minimal direct response in cryptocurrency markets, suggesting relative stability despite the geopolitical escalation. However, experts anticipate potential global trade repercussions and economic adjustments as nations and businesses navigate the new tariffs. Iranian Supreme Leader Ayatollah Ali Khamenei responded defiantly, indicating a strong stance against the measures.
