Trump’s tariff attack on Iran’s business partners, what effect will it have on India’s economy?

By Samira Vishwas On Jan 14, 2026

Former US President Donald Trump has recently decided to impose new tariffs on Iran’s business partners, which has created a stir in global trade and economy. The impact of this decision will not be limited to Iran only, but it can also have direct and indirect impact on other trading partner countries including India.

Purpose of Trump’s tariffs

Experts say that this step of Trump is part of the strategy to suppress Iran’s oil and other business import-export network. This US policy will directly affect Iran’s foreign trade relations, which may increase uncertainty in trade contracts and investment plans with other countries.

Possible impact on India

India has been a major trading partner of Iran, especially in the oil and petrochemicals sectors. India may have to face the following impacts after Trump’s tariffs are implemented:

Increase in oil prices: Increase in tariffs on oil imports from Iran may increase costs for Indian oil companies.

Pressure on exports: India sends many industrial and agricultural products to Iran. Increasing tariffs may increase the price of these products and affect demand.

Foreign Investment and Partnerships: India’s investment plans and partnerships in Iran may also be impacted.

expert opinion

Economic experts believe that this step can bring instability in India-Iran relations. He said that India will have to consider its trade options and energy security. Some experts also say that India can meet its needs by increasing imports from other oil exporting countries like Saudi Arabia and America.

impact on global trade

This tariff decision of Trump will impact not only India and Iran, but also global trade and investment. There may be fluctuations in the prices of oil and other commodities in the international market. In this situation, foreign investors will remain cautious and changes in global business strategies are possible.