ExecutiveOrdersEO
EO 14382Executive OrderTrump 47 · R Quiet signal

Executive Order 14382

Addressing Threats to the United States by the Government of Iran

This executive order imposes a new secondary tariff mechanism allowing the U.S. to levy additional ad valorem duties (potentially 25%) on imports from any foreign country that directly or indirectly purchases goods or services from Iran. The order creates a multi-step process where the Secretary of Commerce identifies countries trading with Iran, then the Secretary of State recommends tariff rates, with final presidential determination.

Federal Register Open PDF 91 FR 6493

Impact dates

  1. Order effective; tariff authority and country determination processes activate

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

Oil & gasChemicalsSteel & aluminumShipping & logisticsTechnology & softwareOther industrial

Mechanisms

Tariff

Role pressure

  • AdverseImporter — U.S. importers face potential 25% ad valorem duty on goods from any country found trading with Iran, with country-specific risk emerging unpredictably
  • AdverseDownstream manufacturer — Manufacturers using imported inputs face supply cost spikes and sourcing uncertainty if supplier countries are tarifffed
  • MixedTrading-partner exporter — Countries with Iran trade ties face potential U.S. market access loss; countries avoiding Iran trade may gain competitive advantage
  • ProtectiveDomestic producer — U.S. producers competing against imports from Iran-linked countries may benefit from tariff-induced price advantages

Geographies

USCNEUINKRJPOTHER

Exposure dates

  • — Order effective; tariff authority and country determination processes activate

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

MMM3MALBAlbemarleAAAlcoaGOOGLAlphabetAAPLAppleBASFYBASFCATCaterpillarCENXCentury AluminumLNGCheniere EnergyCVXChevronCLFCleveland-CliffsCOPConocoPhillipsCTVACortevaDACDanaosDOWDowDDDuPontXOMExxon MobilFDXFedExFCXFreeport-McMoRanGEVGE VernovaHONHoneywellQQQInvesco QQQ TrustLYBLyondellBasellMATXMatson

Confidence: medium · Policy alerts

Key directives

  • Secretary of Commerce shall determine whether foreign countries purchase/import/acquire goods or services from Iran (Sec. 2(b)(i))
  • Secretary of Commerce shall inform Secretary of State of affirmative findings (Sec. 2(b)(i))
  • Secretary of Commerce may issue implementing rules, regulations, and guidance (Sec. 2(b)(ii))
  • Secretary of State, in consultation with Treasury, Commerce, DHS, and USTR, shall determine whether and what tariff rate to impose (Sec. 2(c)(i))
  • Secretary of State shall inform President of recommendations; Secretary of Commerce shall inform President of related findings (Sec. 2(c)(ii))
  • Secretary of State may issue implementing rules, regulations, and guidance (Sec. 2(c)(iii))
  • President retains authority to modify order based on new information, retaliation, or changed circumstances (Sec. 3)
  • Secretary of State shall monitor circumstances and inform President of need for further action (Sec. 4(a))
  • Secretary of State shall recommend additional action if order proves ineffective (Sec. 4(b))
  • Secretary of Commerce shall monitor ongoing Iran trade by countries, including post-finding (Sec. 4(c))
  • Secretary of State, Secretary of Commerce, and USTR directed to take all actions to implement (Sec. 5)
  • Heads of all executive departments and agencies authorized and directed to take appropriate implementing measures (Sec. 5)

Who is ordered

Timeline

Immediate

  • Order effective February 7, 2026 at 12:01 a.m. EST
  • Secretary of Commerce authority to begin country determinations activates
  • Secretary of State authority to recommend tariffs activates

Near term (90d)

  • Commerce Secretary determinations on specific countries may emerge
  • State Department tariff recommendations may follow Commerce findings
  • Potential Federal Register notices implementing tariffs

Long term

  • Ongoing monitoring of foreign countries' Iran trade by Commerce and State
  • Potential expansion of tariff coverage based on findings
  • Possible modifications based on retaliation or changed circumstances

Risks & tensions

  • Secondary tariff mechanism creates broad uncertainty for global trade partners; 'indirectly' definition through intermediaries and third countries (Sec. 6(b)) expands reach significantly
  • No procedural timeline specified for Commerce findings or State recommendations—process could be politicized or delayed
  • Retaliation clause (Sec. 3(b)) creates potential for escalating trade conflicts
  • Definition of 'goods or services from Iran' tied to 31 CFR 560.306 (Sec. 6(a)) creates regulatory complexity and potential enforcement gaps
  • Order maintains but does not replace existing Iran sanctions architecture; layering tariffs atop sanctions may confuse compliance
  • Vague 'significant steps' standard for modification (Sec. 3(c)) leaves discretion entirely presidential
Executive Order 14382: Addressing Threats to the United States by the Government of Iran · Executive Orders