Trump's 25% Tariff on Iran Trade: Minimal Impact on India, Say Sources

• US President Trump announced a 25% tariff on countries trading with Iran, raising concerns for India.
• Government sources state India's trade with Iran is limited, not among its top 50 partners.
• Last year, India-Iran trade was $1.6 billion, only 0.15% of India's total global trade.
• Iran's major import partners are UAE ($21B), China ($17B), Turkey ($11B), and EU ($6B).
• India's share in Iran's total imports was only $1.2 billion (2.3%), indicating a very limited impact.

Why It Matters: Despite Trump's new tariff, India's minimal trade with Iran means a very limited economic impact.