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The Tariffs for Terrorism Act of 2024 would require the President to impose tariffs of at least 500 percent on all goods and services imported from countries that purchase, trade, or import crude oil or petroleum products from Iran. The President would identify qualifying countries every 120 days and adjust tariff rates accordingly, with notice to Congress at least 45 days before implementation. The tariffs would remain in effect until the President certifies that a country has ceased importing Iranian oil.
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