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
The Supreme Court resumed hearing the stray dog issue on Thursday. The Supreme Court focuse
The T20 World Cup 2026 is scheduled to begin on February 7, 2026, but before the start of the tou
The India Meteorological Department (IMD) has predicted a cold wave in several parts of Himachal
Bollywood's 'Stree' (Shraddha Kapoor) has no shortage of admirers. Her social media following is
Severe cold and cold wave conditions continue to grip North India. Dense fog prevails in the plai
Attacks against minorities in Bangladesh show no sign of stopping. In the violence that erupted a
T20 World Cup 2026: No security 'red flags'... ICC rejects Bangladesh's request to shift venues.
The ICC (International Cricket Council) has rejected Bangladesh's request to change the venue for
Ankush Bhardwaj, a coach associated with the Indian national shooting team, has become embroiled
T20 World Cup 2026: Bangladesh's match venues will not be changed, ICC gives India a 'clean chit'.
International Cricket Council (ICC) sources have rejected Bangladesh's demand to move their men's
Police have intensified their crackdown following the anti-encroachment drive in the Turkman Gate
