After the attack on Venezuela, Iran is now on Trump's radar. Trump has threatened to impose a 25 percent tariff on countries that trade with Iran. Trump says that any country that buys goods from Iran will have to pay an additional 25 percent tariff on its trade with the US.
This statement by Trump is likely to affect the trade of several countries. India, China, and the United Arab Emirates (UAE) are particularly likely to suffer losses.
Trump's Threat
US President Donald Trump shared a post on the social media platform Truth, stating, "Any country that trades with Iran will have to pay a 25 percent tariff to the US with immediate effect. This is the final and decisive decision."
Which countries will be affected?
It is worth noting that China, Turkey, India, the UAE, Pakistan, and Armenia are among Iran's largest trading partners. The US has already imposed a 50 percent tariff on India, citing its purchase of oil from Russia. If a tariff is also imposed on imports from Iran, India could face a total tariff of 75 percent.
India-Iran Trade
According to official figures, trade between India and Iran amounted to $1.68 billion (₹15,158 crore) in the financial year 2024-25. Of this, India exported goods worth $1.24 billion (₹11,188 crore) to Iran and imported goods worth $0.44 billion (₹3,970 crore) from Iran.
India's Exports to Iran
Rice
Tea
Sugar
Medicines
Artificial Jewelry
Electrical Machinery
Man-made Staple Fibers
India's Imports from Iran
Dry Fruits
Organic and Inorganic Chemicals
Glassware
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