Trump's Iran Sanctions Threat: India Unfazed, Minimal Trade Impact Expected

• Donald Trump threatened 25% tariffs on India for trading with Iran, following previous threats on other trade issues.
• India-Iran trade is already low, not even in India's top-50 global trade partners, making the impact negligible.
• Total trade between India and Iran was $1.60 billion last year, representing only 0.15% of India's total trade.
• 61% of India's exports to Iran are rice, which is exempt from US sanctions, further reducing the impact.
• Potential impact on India is limited to imports of petroleum bitumen, liquid propane, and other minor minerals from Iran.

Why It Matters: India remains largely unaffected by Trump's new threat of sanctions over trade with Iran due to minimal existing trade.