‘Consequences are very steep’: Trump gives update on US-Iran talks; follows it with stark warning

President Trump has signed an executive order allowing tariffs on countries trading with Iran, citing a 25% example. This move comes as Trump described ongoing US-Iran talks as “very good” and expressed optimism about a potential deal, while also warning of “steep consequences” if negotiations fail. The administration aims to hold Iran accountable for its nuclear program and regional destabilization.