$BTC 1. US Imposes New 25% Tariff on Countries Trading with Iran

The United States has announced a 25% tariff on all countries that do business with Iran, effective immediately — a move that could sharply raise costs on trade with major partners like China, India, Turkey, and others. This is part of an ongoing strategy to exert economic pressure tied to geopolitical tensions. �

Financial Times

$ETH 🍚 2. India’s Rice Exports Hit by Iran Turmoil & Tariff Fear

India’s basmati rice exports to Iran have nearly stalled due to economic instability and concerns about the new US tariff impacting future payments. Iran was one of India’s largest buyers, so this disruption directly affects export volumes and farmer incomes. �

Reuters

🌽 3. Brazil Also in the Tariff Crosshairs

Brazil, another country with strong export ties to Iran (notably corn and soybeans), now risks facing the same US tariff penalties, raising the stakes for South American agricultural trade and export revenue. �

Reuters

🤝 4. India–EU Free Trade Agreement Nears Finalization

Meanwhile, India and the European Union are in the final stages of a long-pending Free Trade Agreement (FTA), which aims to expand market access and reduce tariffs — a key part of India’s strategy to diversify trade partners amid tariff headwinds. �

The Times of India

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