Trump's Iran Tariff: India's $1.2 Billion Exports at Risk, But Rice Shipments Safe

• US President Donald Trump announced a 25% tariff on countries trading with Iran, impacting India's $1.24 billion exports.
• Rice exports, valued at $757.3 million (61% of total), are largely protected as they fall under humanitarian goods.
• Indian companies and banks already comply with OFAC sanctions, limiting trade to permissible humanitarian items like food and pharmaceuticals.
• FIEO Director General Ajay Sahai expects no adverse impact on India's humanitarian trade, though currency volatility remains a concern.
• Trump's tariffs aim to economically isolate Tehran amid anti-government protests and rising tensions.

Why It Matters: India's $1.2 billion exports to Iran face new US tariffs, but critical rice shipments are safe.