India, China, Canada & more: 10 countries still under Trump’s tariff squeeze and why

Iran has faced a complex web of tariffs and sanctions under the Trump administration, stretching beyond traditional trade disputes. In 2025, Washington imposed a 25% reciprocal tariff on Iranian goods, later escalating to an additional 25% levy targeting Iran's purchase of Russian oil. This intense pressure has persisted, with a proposed US Senate bill threatening secondary tariffs of up to 100% on countries importing Russian energy, potentially impacting major buyers like Iran and China.

Simultaneously, Iran's economic situation has been further complicated by tightened immigration policies in the United States. The administration has proposed a substantial fee of $103,265 for new H-1B petitions, affecting a significant number of Indian nationals who make up 71% of approved H-1B beneficiaries in FY2024. For Indian exporters, the fluctuating tariff landscape has impacted sectors like textiles, leather, seafood, gems and jewelry, and engineering goods, prompting them to explore new markets and reassess supply chains.