US President Donald Trump has introduced a further 25% import obligation on Indian items getting into America from August 7
| Photograph Credit score:
Dado Ruvic
The federal government is engaged on sure assist measures for exporters in sectors like textiles and chemical substances to insulate them from the impression of the Trump tariff, an official mentioned on Monday.
US President Donald Trump has introduced a further 25% import obligation on Indian items getting into America from August 7.
The official mentioned that the commerce ministry has held conferences with a number of export sectors, together with metal, meals processing, engineering, marine, and agriculture, to grasp points they might face resulting from excessive tariffs.
Indian exporters from varied sectors, together with meals, marine, and textiles, have sought monetary help and inexpensive credit score from the federal government to deal with the 25% Trump tariff.
Exporters are requesting the federal government to increase fiscal incentives equivalent to curiosity subsidy and extension of RoDTEP scheme (Remission of Duties and Taxes on Exported Merchandise), RoSCTL (Rebate of State and Central Taxes and Levies), well timed fee of dues, and a direct transport line to the US.
The ministry is contemplating these calls for, the official mentioned, including that the ministry may also interact with states to assist the exporters.
The sectors, which might be impacted by the excessive tax of the US, embrace textiles/ clothes, gems and jewelry, shrimp, leather-based and footwear, chemical substances, and electrical and mechanical equipment.
Sectors equivalent to sure textile objects, chemical substances and shrimp are at a extra disadvantageous place as a result of India’s competitor nations, together with Bangladesh (20%), Vietnam (20%) and Thailand (19%), have decrease duties, an exporter mentioned.
One other exporter mentioned that the US is a significant export vacation spot for Indian shrimp. “Now the exporters ought to discover new markets such because the UK, China and Japan,” the exporter added.
Electronics, together with smartphone exports, are recording wholesome progress within the US regardless of uncertainties.
Printed on August 4, 2025
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