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Donald Trump has issued a warning to any country doing business with Iran (Image: Getty)
Donald Trump has issued a stern "final and conclusive" warning as tensions with Iran skyrocket - and it's a hammerblow for Russia and Vladimir Putin. The US President took to Truth Social to send a warning to any country doing business with Iran.
Mr Trump wrote: "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. This Order is final and conclusive. Thank you for your attention on this matter." Further details about the tariff announcement are not immediately clear. This move could hit major economies such as China, Russia and India.
Donald Trump says the new order will come into place immediately (Image: Getty)
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Iran has been hit with a number of protests in recent weeks (Image: Getty)
Relations between Russia and Iran started all the way back in 1521. The two nations have a long history of geographic, economic, and socio-political interaction.
The two countries have steadily expanded their economic and political relationship over the past decade. In August 2014, they signed a landmark $20 billion oil-for-goods agreement, marking a major step in bilateral cooperation.
Trade between them continued to grow, reaching a record $3.3 billion in 2021, an 81% increase from the previous year.
In 2024, the total annual trade turnover between the countries was around $4.8 billion, up roughly 16%–17% from the previous year.
Their partnership deepened further with the signing of the Iranian–Russian Treaty on Comprehensive Strategic Partnership on January 17, 2025, by Russian President Vladimir Putin and Iranian President Masoud Pezeshkian.
As Iran faces a surge of widespread anti-government protests, President Trump has intensified efforts to economically isolate the oil-rich nation.
The Iranian government has struggled to contain the demonstrations, during which dozens of protesters have reportedly been killed in recent weeks.
In response, Mr Trump has threatened military action if the killings continue and has openly expressed support for the protest movement.
In a message on Truth Social over the weekend, he wrote: "Iran is looking at FREEDOM, perhaps like never before. The USA stands ready to help!!"
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