Brief by Shorts91 Newsdesk / 02:11pm on 13 Jan 2026,Tuesday India Global
India is unlikely to face major impact from the United States’ new tariffs linked to Iran trade, government sources said. US President Donald Trump has announced a 25 per cent tariff on US-bound goods from countries trading with Iran. Officials said India’s trade with Iran is very small. Iran is not among India’s top 50 trade partners. India’s total trade with Iran was about $1.6 billion last year. This is only 0.15 per cent of India’s overall trade. Officials added that trade levels may fall further this year. Due to limited exposure, the tariffs are expected to have minimal effect on India’s economy.
