Trump Tariffs on Iran: Minimal Impact on India's Trade, Exporters Concerned Over Rice

• India's trade with Iran is small, making up only 0.15% of its total trade, thus minimizing the impact of new US tariffs.
• The Indian government has allayed concerns, stating limited exposure and diversified trade linkages will mitigate effects.
• Iran is not among India's top 50 trading partners, with bilateral trade at USD 1.6 billion last year.
• Despite minimal overall impact, Indian rice exporters are concerned about new contracts and pending payments, as Iran sources two-thirds of its rice from India.
• Trump's 25% tariffs primarily target Iran's major trade partners like UAE, China, and Turkiye, putting China in a difficult position.

Why It Matters: New US tariffs on Iran will have minimal overall impact on India's trade, but rice exporters face challenges.