Trump’s tariff: PMO calls for a high level of relief for Indian exporters

People familiar with this issue said that the Prime Minister’s office held a high -level meeting on August 26 to review relief measures for Indian exporters who face a higher tariff in the United States. They added that the session was chaired by the chief secretary of the Prime Minister.

Starting on Wednesday, the Indian goods that enter the United States market will face a 50 percent tariff after Washington will double its duties, which increased cost pressure on the two sources. The Ministry of Trade and Industry consults exporters and promotion councils to measure the impact of the 25 percent tax, which companies that they say are actually pressed on margins and competitive corrosion.

Politics options under discussion include the targeted support for the selected industries instead of ensuring a wide loan at the economy level. Sources have sought an ECLGS guarantee system that provides public capital of guarantee while covering government -backed risks, but officials believe that the sector’s interventions may be more effective.

“Small companies have shared that the sector’s credit lines with side support are useful,” said one of the Business Today TV. Plamen -based capital funds are also undergoing an active study to relieve liquidity breeds.

Officials said that the shielding units directed towards export and small and medium enterprises (SMES) are still essential to the government’s approach, given their exposure to external shocks. It is expected that the meeting on Tuesday will install it in the features of India’s response, while exporters are preparing to rise.