By Admin 
US Iran Trade Tariff: US President Donald Trump has decided to impose heavy tariffs on many countries. Because of which he constantly remains in the headlines of newspapers. In this context, he has recently issued a new decree indicating the imposition of 25 percent tariff on countries doing business with Iran.
This step has been taken in view of the anti-government protests in Iran and the situation there. But its impact will not be limited to Iran only. This decision may also hit the pockets of the common people of America. Due to this step, clothes, jewelery and many daily use items may become expensive in America in the coming time.
Iran’s economy under pressure due to tariff decision
Iran may have to face a lot of trouble due to this step of America. There are already many types of sanctions imposed on Iran. The inflation rate in the country remains above 40 percent. There is also a possibility of increase in the prices of foreign goods. Despite these situations arising in the country, the Iranian government does not seem to be coming under American pressure.
Why might inflation increase in America?
This decision on tariff may increase inflationary pressure in America. Countries doing business with Iran include Türkiye, India, China and UAE. From which America imports goods in large quantities.
There is a possibility of increase in tariffs on textiles and clothing from Türkiye, precious gems and jewelery from India and electronics goods from China. In such a situation, American customers may ultimately have to bear the burden of increasing prices of these goods.
Legal dilemma over tariffs
It has not yet been made clear by the Trump government whether the new tariffs will be imposed on top of the existing charges or will be implemented separately. Apart from this, questions remain on the legal validity of these tariffs.
This case is currently undergoing hearing in the US Supreme Court. If the court rules against the tariffs, the government may have to return large amounts of money to companies as refunds.
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