Addressing Threats to the United States by the Government of Iran
Headline: Additional Tariffs Ordered on Countries Buying Iranian Goods
What it does: Agencies must identify countries buying Iranian goods and recommend or impose additional ad valorem tariffs on their imported products.
- May add an extra ad valorem duty (for example, 25%) on affected imports.
- The Commerce Department will monitor trade and the State Department will decide tariff recommendations.
- Requires U.S. agencies to issue rules, guidance, and implement tariff measures.
Summary
This order allows the United States to impose extra tariffs on goods imported from any country that directly or indirectly buys goods or services from Iran. The Commerce Department will identify such countries, and the State Department will recommend what additional tariff rates to impose for the President to consider.
The order directs departments to monitor trade, issue rules and guidance, and take actions needed to implement the tariffs, intending to address the national emergency involving the Government of Iran.
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