JAKARTA - US President Donald Trump has once again sounded the economic sector war drum by targeting countries that sell weapons to Iran with an additional tariff of 50 percent.
"Countries that supply military weapons to Iran will immediately be subject to tariffs, for all goods sold to the United States, at 50 percent, effective immediately," Trump said on Truth Social.
He said the move was a response to Beijing's new export policy that tightened the shipment of rare earth elements abroad.
Trump's threat is part of a form of retaliation to countries that intend to open themselves up to Iran in trade, defense, and military business-to-business connections.
"There will be no exceptions or exemptions!" Trump said.
Trump has just announced a two-week ceasefire with Iran.
The announcement of the ceasefire came less than two hours from Trump's deadline to destroy "the whole civilization" in Iran at 20.00 on Tuesday night local time.
Trump said the ceasefire agreement was made on the condition that Iran agrees to reopen the Strait of Hormuz, the supply route for 20 percent of the world's oil and gas.
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