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US President Donald Trump announced tariffs of 50% on goods imported from nations supplying military weapons to Iran, effective immediately. He stated there would be no exclusions or exemptions. Trump also mentioned working closely with Iranian authorities following a ceasefire agreement and claimed many of the 15 points in U.S. peace proposals had been agreed upon. He emphasized no uranium enrichment and discussed tariffs and sanctions relief with Iran. The Trump administration has previously faced Supreme Court challenges to its tariffs, which were rebuilt using existing trade laws like Section 301 probes. Current tariffs include 50% on steel, aluminum, and copper products, and 25% on derivative products substantially made of these metals. Future tariffs will apply to patented pharmaceutical products and ingredients from late July 2026, with smaller pharma companies facing these rates from late September.