More than 140 countries still trade with Iran, according to the World Bank, but sometimes only in minuscule amounts. Trump is proposing that a 25% tariff should be imposed on an entire country if it is trading with Iran. Liu wrote on X: “Tariff wars and trade wars have no winners, and coercion and pressure cannot solve problems. Protectionism harms the interests of all parties.”Other countries that trade heavily with Iran are India, the United Arab Emirates, Japan and South Korea. Trump said in a Truth Social post that “it would be a complete mess” if the supreme court were to strike down his global trade tariffs.

Source: The Guardian January 13, 2026 13:05 UTC