US Tariffs on Iran: Minimal Impact on India, Officials Say
Indian government sources indicate new US tariffs on Iranian trade partners will have minimal effect on India, with Iran not among top 50 trading partners and trade already declining.
Indian government sources indicate new US tariffs on Iranian trade partners will have minimal effect on India, with Iran not among top 50 trading partners and trade already declining.
US President Donald Trump's new 25% tariff on countries trading with Iran could disrupt global commerce. India's exports of basmati rice and fresh fruits face immediate pressure as bilateral trade reaches $1.34 billion.
Indian rice exporters face potential losses as US threatens 25% tariff on trade with Iran. Basmati rice exports worth ₹2,000 crore are stuck, creating port backlogs and payment delays.
India's record rice production forces growers to cut prices to compete with Thailand and Vietnam, testing sellers' patience and deepening the global price decline.
US President Donald Trump threatens 25% tariffs on countries trading with Iran, jeopardizing India's significant export partnership with Tehran including rice, cereals, and pharmaceuticals.
Political unrest in Iran has severely impacted Indian basmati rice exports, causing sharp price drops and payment delays. The Indian Rice Exporters Federation advises exporters to reassess risks.
India's basmati rice exports face mounting pressure from Iran's internal turmoil and US tariff threats, causing price drops and payment delays in domestic markets.
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