Trump's Iran Tariffs: What it Means for Indian Markets and Rupee

• Donald Trump announced a 25% tariff on countries doing business with Iran, impacting India's trade with the US.
• Indian markets (Sensex, Nifty) saw immediate drops following the announcement, adding to existing tariff pressures.
• India already faces up to 50% tariffs on some US exports, potentially leading to a 75% burden with new Iran-related tariffs.
• India-Iran trade is modest ($1.68 billion in FY25), but the broad application of tariffs is a concern.
• The Chabahar Port project, vital for India's Central Asia access, faces uncertainty despite a current US sanctions waiver.

Why It Matters: Trump's new Iran-related tariffs add pressure on Indian markets and the Rupee, despite low direct Iran trade.