By: Brian Walczyk, Compliance Manager, TradeInsights, LCB, CCS

On January 12, President Trump posted on social media that any countries doing business with Iran will be subject to a 25% tariff on “any and all business being done with the United States of America.” This measure is stated to go into effect immediately.

As of now, no formal Executive Order, Federal Register Notice, or CSMS has been issued regarding this matter.

We will continue to monitor this situation and provide updates as necessary. Should you have any questions, please contact your V. Alexander account team or the Trade Compliance team at tradeinsights@valexander.com. You can also stay informed by following us on our website www.valexander.com for updates on this and other relevant topics.