US Iran Trade Tariff: America has warned of imposing 25 percent additional tariff on countries doing business with Iran. Due to which there has been a stir in the business world globally. This step may affect countries like Brazil, China as well as India.

This can have a deep impact on the trade relations between India and Iran. Due to America’s tariff decision, India may have to take steps to balance its imports and exports. Let us know, how are the trade relations between the two countries?

75 percent tariff may be imposed on India

Iran has been an important trade partner of India for a long time. But now America has announced to impose 25 percent additional tariff on countries doing business with Iran. Due to which its impact can be seen on India also.

The new tariff is in addition to the 50 percent tariff already imposed by the US. This means that overall there may be a possibility of up to 75 percent trade tariff being implemented for India.

These things are traded between India and Iran

India has been included in the top five trading partner countries of Iran. The major products sent from India to Iran include Basmati rice, tea, sugar, fresh fruits, medicines, cashew nuts, peanuts, pulses and other agricultural and food items.

On the other hand, India imports products like methanol, petroleum bitumen used in road construction, apples, LPG, dry dates and almonds from Iran.

India-Iran trade statistics

Talking about the trade figures between the two countries, the total trade between India and Iran in the financial year 2022-23 has been $2.33 billion. Which shows an increase of about 22 percent compared to a year ago. During this period, India exported $1.66 billion to Iran. Whereas India’s import from Iran stood at $672.12 million.

Meanwhile, between April 2023 and July 2023, the total trade between the two countries was recorded at $660.70 million. In which India’s export was 455.64 million dollars and import was 205.14 million dollars.

Also read: Stock Market 13 January: Positive start of stock market, Sensex jumped 201 points, Nifty crossed 25,835.

India MSME News: The American government has imposed high tariffs on many countries including India. Which is affecting the economy. At the same time, fluctuations continue in the stock market. Meanwhile, Monday 13 october The Ministry of Finance along with the public banks of the country, Micro, Small and Medium Enterprises (MSMEs)MSME) but will hold a review meeting regarding the impact of American tariffs. According to media reports, this meeting will be chaired by the Secretary of the Department of Financial Services. m Nagaraju Can do.

Main agenda of the meeting

In this review meeting being conducted by the Finance Ministry, financial schemes like Mudra Loan Guarantee Scheme are to be reviewed so that, the American tariff MSME falling into business sector pressure can be understood. Also, appropriate steps should be taken accordingly and the financial assistance provided by the government should be continued. government’s Worry There is also a concern that due to this high tariff MSME Cases of non-repayment of loans may also increase in the area. The government will seek suggestions from the concerned banks regarding this today.

America on India 50 percentage Tariff has been imposed, the effect of which MSME But it is visible. MSME Industry organizations have approached the Government of India in this matter. A demand for mediation has been made. In view of this, the government has called a review meeting.

India SME Forum

India SME of the forum President Vinod Kumar has informed that the tariff issued from America war From MSME area businesses 30 There could be a loss of more than a billion dollars. He also said that in this review meeting PM self fund And PM There can also be discussions regarding the development of micro loan schemes like Vishwakarma. New debt assessment started in 2025 in the meeting model The performance will also be discussed. This model by using digitally data To verify is done. Due to which the time taken to get the loan is reduced.

Also read: America or Dubai No, these countries have immense reserves of gold; There is no shortage of silver either

Us tariff impact on india: Amid the ongoing conversation on the trade deal, US President Donald Trump has created a stir in the market on Wednesday by announcing a new rate of 25 percent tariffs on India. These new rates will be applicable from next month, ie August 1. Along with this, Trump, who is trying to stop the Ukraine war, has also said to impose a fine on India due to buying oil from Russia. This news is considered disappointing for Indian exporters exporting to America.

Apart from this, Trump has announced 15 percent tariffs on European Union and Japan, 20 percent on Vietnam, 19 percent on Indonesia and 10 percent on Britain.

What is fear?

In fact, more concern than the tariff imposed by Trump is about potential penalty to Indian businessmen, which has not yet been formally implemented. Its most impact can be on areas like India’s textile industry, carpet, gems and jewelery, and seafood.

According to TOI, M. Rafiq Ahmed, head of Farida Group, a large exporter of shoes, was preparing to travel in the US in the hope of taking new orders, but he hearing the news of the fine, he has started rethinking his plans. He said, “There is an atmosphere of quite uncertainty and this announcement is shocking.”

Why is the atmosphere of doubt?

Vietnam is a major competitor of India’s exporters. In such a situation, 5 percent more tariff on Indian products than Vietnam is a matter of concern for Indian exporters. FIEO Director General Ajay Sahai says that the importers and exporters are not able to fix their costs due to the lack of a clear announcement of the fine by Trump. In this situation, businessmen are unable to understand what they should take the next step.

What is a ray of hope?

However, some expectations are still left due to the ongoing trade deal with the US. Exporters of things like jewelery, textiles, shrimp fish, auto parts, and medicines from India are still in the hope that there can be a positive agreement between the two countries.

Also read: What will the market crash after the announcement of President Trump’s new tariff on India? Learn what signs are getting