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

World
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Moneycontrol•13-01-2026, 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.
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