India-Iran Trade Under Threat: Trump's 25% Tariff Warning Sparks Major Concerns

• US President Donald Trump announced a new trade order imposing a 25% tariff on nations trading with Iran, impacting India.
• India, a top trading partner of Iran, faces potential US tariffs up to 75% if the new levy is added to existing duties.
• Widespread protests and instability in Iran, including internet shutdowns, add to geopolitical and economic uncertainty.
• India's strategic interests, including energy imports and Chabahar Port development, are directly affected by Iran's turmoil.
• Bilateral trade between India and Iran was USD 1.68 billion in FY2024-25, with India exporting basmati rice, tea, and pharmaceuticals, and importing dried fruits and chemicals.

Why It Matters: Trump's new Iran-linked tariffs and Iran's instability pose significant trade and strategic challenges for India.