Trump announces 25% tariff on countries trading with Iran: What it means for India
World
M
Moneycontrol13-01-2026, 08:45

Trump Imposes 25% Tariff on Iran Traders: India's Trade, Chabahar Port at Risk

  • US President Donald Trump announced a 25% tariff on countries trading with Iran, intensifying pressure amid protests.
  • India, a major trading partner with Iran, exported $1.24 billion and imported $0.44 billion in FY 2024-25, now faces significant impact.
  • The new tariff adds to existing US levies on Indian goods, affecting export competitiveness and ongoing India-US trade talks.
  • India's strategic Chabahar Port project, vital for regional trade, could face indirect challenges due to the tariffs.
  • The US Supreme Court is scrutinizing the legality of Trump's tariffs, with its ruling set to influence global trade decisions.

Why It Matters: Trump's 25% tariff on Iran traders threatens India's trade, strategic projects like Chabahar Port, and global supply chains.

More like this

Loading more articles...