Trump Imposes 25% Tariff on Iran Trade Partners; Limited Impact Expected on India

US President Donald Trump announced a 25% tariff on countries trading with Iran to pressure Tehran amid ongoing protests and unrest. India, with bilateral trade valued at around $1.6 billion in 2024-25, faces limited direct impact due to its relatively small trade volume and compliance with existing US sanctions. However, Indian exporters, especially in basmati rice and tea, express concerns over payment delays and trade disruptions. Strategic projects like the Chabahar port and broader geopolitical ties add complexity, while China and other major partners face greater exposure. The US tariff's implementation details remain unclear, raising uncertainties globally.