Trump's 25% Tariff on Iran Trade: Major Impact on India's Economy and Relations

• US President Donald Trump imposed a 25% tariff on countries trading with Iran, effective immediately, calling it a "Final Order."
• Countries like China, Turkey, UAE, Iraq, and India, which trade significantly with Iran, are directly affected.
• India faces increased business risk, potential 25% tariffs on US trade, and fluctuating oil prices leading to higher petrol/diesel costs.
• The decision could strain India-US relations and jeopardize strategically important projects like the Chabahar Port in Iran.
• Indian industries relying on Iranian raw materials (pharma, chemical) face higher costs, and common citizens could see rising inflation and expensive essential goods.

Why It Matters: Trump's Iran tariff threatens India's economy, strategic projects, and diplomatic balance with US and Iran.