PHDCCI’s remarks on additional tariff by US on countries that does business with Iran
City Air News
Jan 13, 2026 04:23
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New Delhi, January 13, 2026: The recent 25% additional tariff by US on countries that does business with Iran does not automatically means we simply add the tariffs to get a 75% rate as US officials have not yet published a detailed tariff schedule or Customs guidance specifying which products (goods vs. services), or transactions are covered. Further, there is no official published definition yet of what constitutes “doing business” with Iran says Rajeev Juneja, President, PHDCCI.
The announcement did not specify whether this is layered on top of all existing tariffs or applies at product level, he added. If the tariffs are applied on an additive basis i.e. an incremental 25% on top of the existing 50 percent then given the composition of India’s export basket to the United States, the sectors most exposed would include textiles and apparel, gems and jewellery, leather and footwear, automobile components, a range of chemical products, and marine exports, said Dr. Ranjeet Mehta, CEO & Secretary General, PHDCCI.
