Trump's 25% Tariff Threat Hits Indian Basmati Exporters LT Foods, KRBL Shares

• Shares of Indian basmati rice exporters LT Foods and KRBL fell up to 2% after Trump announced a 25% tariff on countries trading with Iran.
• Iran is a top destination for Indian basmati rice, accounting for 12-20% of total exports, making it a major buyer after Saudi Arabia and Iraq.
• The US market, though small for Indian rice (less than 5% of global basmati exports), is considered least price-elastic.
• Rice traders believe the US tariff hike is not a major concern due to the market's small size and ease of diversification.
• Trump's tariff aims to pressure Tehran amid anti-government protests, with China, Iraq, UAE, Turkey, and India being Iran's top trading partners.

Why It Matters: Trump's new 25% tariff on Iran-trading nations impacts Indian basmati exporters, despite US being a small market.