New Delhi, Jan. 13 -- US President Donald Trump announced on Monday that a 25% tariff will now be imposed on countries doing business with Iran. This is Trump's first tariff announcement of 2026.

"Effective immediately, any Country doing business with the Islamic Republic of Iran will pay a Tariff of 25% on any and all business being done with the United States of America," Trump posted on TRUTH social.

He said, "This Order is final and conclusive. Thank you for your attention to this matter!"

Iran has been India's trade partner, and since the Trump administration imposed tariffs on countries doing business with Iran, India is likely to be significantly impacted.

This 25% tariff is in addition to the US reciprocal tariff of 25% and an...