Trump's 25% Tariff Warning Hits Rice Stocks Tariff Threat Trump targets 25% US tariffs on countries trading with Iran. Escalates geopolitical and trade risks. India-Iran Trade India ranks among Iran's top five partners recently. Heightens vulnerability to potential enforcement. Key Exports to Iran Rice leads exposure. Tea, sugar, pharmaceuticals, staple fibres, artificial jewellery follow. Key Imports from Iran Dry fruits, inorganic/organic chemicals, glassware. Impact Negative for rice stocks; risks volume, pricing, margins on Iran exports. Geopolitical fog keeps sentiment cautious. Key Takeaway Rice exporters with Iran ties face high risk—monitor enforcement signals closely