Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
RelevanceDefaultDate
    No Records Found
    ❯❯
    MaximizeMaximizeMaximize
    0 / 200
    Expand Note
    Add to Folder

    No Folders have been created

      +

      Are you sure you want to delete "My most important" ?

      NOTE:

      News
      Showing Results for :
      Reset Filters
      Results Found:
      AI TextQuick Glance by AIHeadnote
      Show All SummariesHide All Summaries
      No Records Found

      News

      Back

      All News

      Showing Results for :
      Reset Filters
      Showing
      Records
      ExpandCollapse
        No Records Found

        News

        Back

        All News

        whatsappJoin Channel
        Showing Results for : Reset Filters
        Case ID :
        Customs & Trade

        Trump pressures Iran with tariffs that could raise prices in US

        January 14, 2026

        📋
        Contents
        Note

        Note

        -

        Bookmark

        print

        Print

        Login to TaxTMI
        Verification Pending

        The Email Id has not been verified. Click on the link we have sent on

        Didn't receive the mail? Resend Mail

        Don't have an account? Register Here

        Washington, Jan 14 (AP) President Donald Trump has once again drawn his go-to diplomatic weapon — tariffs, this time to coerce the Iranian government to end its bloody crackdown on nationwide protests.

        Trump said in a social media post on Monday he would impose a 25% tax on imports to the United States from countries that do business with Iran. The sanctions could hurt the Islamic Republic by reducing its access to foreign goods and driving up prices, which would likely inflame tensions in a country where inflation is running above 40%.

        But the tariffs could create blowback for the United States, too, potentially raising the prices Americans pay for imports from Iranian trade partners such as Turkish textiles and Indian gemstones and threatening an uneasy trade truce Trump reached last year with China.

        The death toll from protests in Iran surpassed 2,000 people on Tuesday, activists said, as the hard-line Islamist government attempts to tamp down dissent against economic hardship and political repression.

        The Trump administration has offered scant details since announcing the new tariffs targeting Iran. For instance, the White House has not said whether the taxes would be stacked on top of double-digit levies Trump imposed last year on almost every country on earth. Or whether he would exempt some energy imports as he has in the past.

        It's also unclear what legal authority the president is relying on to impose the import taxes. He invoked the 1977 International Emergency Economic Powers Act to justify his most sweeping tariffs last year. But businesses and several states have gone to court arguing that Trump overstepped his authority in doing so.

        The Supreme Court is hearing the case and could throw out Trump's tariffs and force him to send refunds to the U.S. importers that paid them.

        Years of sanctions aimed at stopping Iran's nuclear program have left the country isolated. But it still did nearly $125 billion in international trade in 2024, including $32 billion with China, $28 billion with the United Arab Emirates and $17 billion with Turkey, according to the World Trade Organisation.

        Iran bought more than $6 billion worth of imports from the European Union that year. Russia and India also do considerable business with Iran. Energy dominates Iran's exports. Its top imports include gold, grain and smartphones.

        Trump's attempt to pressure Iran is likely to cause collateral damage. Most prominently, his tariffs could upend his attempts to maintain a trade peace with China.

        Last spring, the United States and China hammered each other with triple-digit tariffs, threatening to end trade between the world's two biggest economies and briefly panicking global financial markets.

        The two countries spent the rest of year trying to deescalate their trade conflict, reaching a truce in October that reined in tariffs, ended China's boycott of American soybeans and eased its restrictions on exports of rare-earth minerals and technologies critical for fighter jets, robots and other products.

        The new tariffs, aimed at punishing Iran, would hit China because of its trade ties with Tehran.

        “President Trump's threat to increase tariffs by 25% against China and other trading partners due to developments in Iran underscores just how fragile the US-China trade truce is,” said former US trade negotiator Wendy Cutler, now senior vice president at the Asia Society Policy Institute.

        "Even if he does not actually implement the tariff hike, damage has already been done. This threat erodes trust between the US and China which is already at a low level." Adnan Mazarei, a nonresident senior fellow at the Peterson Institute for International Economics, doubts that the tariffs would persuade the Iranian government to ease its crackdown on protesters.

        “I do not think this is going to be very successful," said Mazarei, a former deputy director of the International Monetary Fund with crisis-fighting experience in the Middle East.

        "They will not for this alone change their views or their practices. It is a repressive regime, and it is willing to pay a high cost in terms of people's blood to stay in power." (AP) SCY SCY

        Tariffs on countries trading with Iran could raise US import prices and strain trade ties. The administration announced a 25% tariff on imports from countries that do business with Iran to pressure Tehran; it did not clarify whether this levy would be stacked on existing tariffs, whether exemptions would apply, or the precise legal authority to be used, and the measure could raise U.S. import prices and disrupt the fragile U.S.-China trade truce.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Tariffs on countries trading with Iran could raise US import prices and strain trade ties.

                                The administration announced a 25% tariff on imports from countries that do business with Iran to pressure Tehran; it did not clarify whether this levy would be stacked on existing tariffs, whether exemptions would apply, or the precise legal authority to be used, and the measure could raise U.S. import prices and disrupt the fragile U.S.-China trade truce.





                                Note: It is a system-generated summary and is for quick reference only.

                                Topics

                                ActsIncome Tax
                                No Records Found