Trump's 25% Tariffs on Iran Trade Partners: Minimal Impact on India, Say Govt Sources

• US imposes 25% tariffs on goods from countries trading with Iran, raising global concerns.
• Indian government sources state minimal economic fallout for India due to limited bilateral trade with Iran.
• Iran is not among India's top 50 global trading partners; trade was $1.6 billion last year (0.15% of India's total).
• India's share of Iran's imports was only 2.3% ($1.2 billion) in 2024, making impact negligible.
• Despite existing US trade pressures (Russian oil tariffs), India's limited Iran engagement reduces new fallout risk.

Why It Matters: India expects minimal impact from Trump's new 25% tariffs on Iran trade partners due to low bilateral trade.