Trump's Threat Puts ₹11,000 Crore India-Iran Trade at Risk, But Rice Exports Find a Way

• US President Donald Trump announced a 25% tariff on countries trading with Iran, impacting India's ₹11,000 crore annual exports.
• Despite sanctions, India's rice exports to Iran, valued at ₹6,815 crore annually, are exempt due to humanitarian grounds.
• The Federation of Indian Export Organisations (FIEO) confirmed that food items and medicines are exempt from OFAC sanctions.
• The primary challenge for India-Iran trade remains the currency used for transactions.
• India's exports to Iran include rice, oilseeds, fruits, vegetables, chemicals, engineering products, medicines, tea, and spices.

Why It Matters: India navigates US sanctions on Iran, securing exemption for crucial rice exports despite broader trade threats.