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Trump Administration to Impose 25% Tariffs on Nations Trading with Iran

U.S. President Donald Trump announced on January 23 that his administration intends to impose a 25% tariff on all nations engaged in trade with Iran, as reported by CCTV.com. Speaking aboard Air Force One, President Trump also indicated that a significant naval fleet was en route towards Iran. The CCTV.com report further highlighted that the imposition of such secondary tariffs is not considered standard practice in international trade.
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