Trump's 25% Iran Duty Unlikely to Impact India, Says FIEO

• US President Donald Trump announced a 25% duty on countries trading with Iran.
• FIEO states this duty will have almost no impact on India due to humanitarian trade focus.
• Indian companies and banks comply with OFAC sanctions, focusing on permitted humanitarian goods like food and pharmaceuticals.
• India's trade with Iran in 2024-25 was USD 1.68 billion, with USD 1.24 billion in exports, mainly farm products.
• The Chabahar port development by India and Iran is a key aspect of their bilateral ties.

Why It Matters: India's trade with Iran, primarily humanitarian, is expected to remain unaffected by Trump's new tariffs.