Trump threatens tariffs for countries trading with Iran

February 7, 2026

President Trump has signed an executive order threatening additional tariffs, potentially up to 25%, on countries that continue trading with Iran, as part of efforts to pressure Tehran over its nuclear program and regional activities. The order follows diplomatic talks between US and Iranian officials in Oman, where both sides described discussions as productive despite ongoing tensions. The threat affects over 100 countries that currently trade with Iran, with China being Iran's largest trading partner at over $14 billion in annual imports.

Who is affected

Over 100 countries that currently trade with Iran
China (Iran's largest export partner, importing over $14 billion worth of goods)
Iraq (importing $10.5 billion from Iran)
Turkey and the United Arab Emirates (major Iranian trade partners)
15 entities sanctioned for trading in Iranian oil and petrochemical products
Iran and its economy
Iranian citizens affected by government crackdown on protests

What action is being taken

Talks between US and Iranian officials are ongoing in Oman
The US is maintaining a significant military presence in the region, including what Trump describes as a "massive armada"
Iran's government has imposed internet restrictions since January 8
Iranian negotiators have returned to their capitals for consultation

Why it matters

This executive order significantly escalates economic pressure on Iran by targeting not just Iran directly, but any country doing business with it, potentially disrupting major global trade relationships. The threat affects some of the world's largest economies, particularly China, and could force countries to choose between trading with Iran or maintaining unfettered access to US markets. The order, combined with renewed diplomatic talks, represents a strategy of maximum pressure to compel Iran to negotiate over its nuclear program amid rising fears of military conflict. The impact extends beyond economics, as tensions have already contributed to violent government crackdowns in Iran that human rights groups say have killed thousands of protesters.

What's next

Another meeting between US and Iranian officials is scheduled for early next week
The president may modify the executive order if circumstances change
Iranian and American delegations are consulting with their respective capitals following the initial talks in Oman

Read full article from source: BBC