Sri Lanka, Jan. 14 -- President Donald Trump said he is imposing a 25% tariff on goods from countries "doing business" with Iran, ratcheting up pressure on the government in Tehran that has been rocked by widespread protests.

Trump posted on social media on Monday that the new duty would be "effective immediately," without providing details about the scope or implementation of the charges.

The action has the potential to disrupt major US trading relationships across the globe. Iran's partners include not only neighboring states, but large economies including India, Turkey and China. (Bloomberg)

Published by HT Digital Content Services with permission from Daily News Sri Lanka....