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Another tariff risk
Mint Chennai
|January 14, 2026
Even as US Ambassador to India Sergio Gor struck a positive note on bilateral ties, President Donald Trump has again put India in a difficult position by announcing a 25% tariff on countries trading with Iran.
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This could elevate the charge on Indian goods shipped to the US to 75% from an already-steep 50%. India's trade with Iran has slumped since 2019, when India stopped importing oil from it in response to US sanctions. In 2024-25, total trade with it was placed at $1.7 billion, which seems small enough t
This story is from the January 14, 2026 edition of Mint Chennai.
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