Trump Signs Executive Order Imposing 25% Tariffs on Nations Trading With Iran

China buys roughly 90% of Iran's oil exports, averaging 1.38 million barrels per day in 2025

Iran's oil exports fell from 2.5 million barrels per day in 2018 to 350,000 bpd by 2020 under Trump's first maximum pressure campaign — then recovered to 1.6 million bpd by 2025

Iran's top 5 trade partners — China, Iraq, UAE, Turkey, and India — account for over 80% of its trade and all have significant commercial ties with the U.S.

70–80% of Iran's non-oil export revenue comes from sectors already under U.S. sanctions, including petrochemicals, energy, and industrial metals

Trump-era tariffs collectively represent the largest U.S. tax increase as a percentage of GDP since 1993, averaging $1,500 per U.S. household in 2026