US EditionUS Tariffs Impact: Govt Is Expediting Export Promotion Mission to Help Exporters, Says Official
- On August 16, the head of Tamil Nadu's government highlighted that the US's increase of tariffs to 50% has severely affected the state's exports, particularly impacting the textile industry in Tiruppur.
- The US raised tariffs from 25% to 50% effective August 27, as a penalty for India's continued purchases of Russian oil amid the Ukraine conflict.
- Tamil Nadu's export cluster, which provided jobs to one million people including 65% women and exported goods worth ₹45,000 crore last year, faces a trade loss near ₹3,000 crore.
- Stalin called on Prime Minister Modi to promptly implement support measures and comprehensive changes aimed at protecting both industries and the workforce.
- The tariff increase threatens thousands of jobs and may cause a prolonged trade crisis, with the central government extending cotton import duty exemption to support exporters.
24 Articles
24 Articles
After the implementation of 50 percent tariff by America, a big statement of Piyush Goyal has come out, in which he has told what steps the government is taking to deal with the tariff and help the exporters.
India Pledges Support to Exporters Amid US Tariff Escalation
India Pledges Support to Exporters Amid US Tariff Escalation A delegation from the Federation of Indian Export Organisations (FIEO) met with Finance Minister Nirmala Sitharaman on Thursday, gaining assurance of government backing to protect exporters' interests after the US raised tariffs, according to the industry body.Led by FIEO President S C Ralhan and Vice President Ravikant Kapur, the delegation outlined the immediate challenges from these…
Will help exporters meet liquidity crunch; India-US bilateral engagement going on: Commerce Ministry - The Statesman
The government has received feedback from stakeholders on the impact on their businesses due to US President Donald Trump's 50 per cent tariffs on Indian exports, an official from the Ministry of Commerce said on Thursday.
Efforts Underway To Resolve Tariff Discord With US: Government Sources
After an additional 25 per cent tariff as penalty for India's purchase of Russian oil got into effect on Wednesday, government sources have said that efforts are underway to resolve the ongoing discord between India and the US.
Coverage Details
Bias Distribution
- 58% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
