US-Iran Tensions Hit Kanpur Exports: 25% Tariff Sparks Trade Uncertainty

• US-Iran political and economic tensions, coupled with a 25% tariff, are creating global market uncertainty.
• India-Iran trade, valued at $1.6-1.7 billion, is significantly impacted by these changing circumstances.
• Kanpur exports to Iran, including leather goods, machinery, animal feed, rice, and pharmaceuticals, face new risks.
• Exporters are cautious, delaying new orders due to payment delays, currency depreciation, and deal uncertainty.
• Despite concerns, the government's efforts to find new markets may mitigate long-term impact on Kanpur.

Why It Matters: US-Iran tensions and tariffs are causing significant uncertainty for Kanpur's exports to Iran.