US EditionNew US tariffs cloud outlook for exporters in Asia and beyond
UNITED STATES, AUG 7 – India will launch a $2.5 billion Export Promotion Mission in September to aid exporters facing up to 25% U.S. tariffs and potential 30% export drops, officials said.
- President Donald Trump imposed new reciprocal tariffs up to 50% on imports from 66 countries, including India, effective August 7, 2025.
- These tariffs, announced on August 1 as a revised version of April's policy, target trade surpluses and specifically pressure India over Russian oil purchases.
- In response, India plans a ₹20,000 crore Export Promotion Mission launching in September to support exporters facing losses from these trade disruptions.
- Analysts estimate Indian exports to the US may fall nearly 30% from $86.5 billion in FY25 to about $60.6 billion in FY26, increasing demands for financial aid.
- Meanwhile, tariffs also affect other regions, prompting trade talks to preserve market access and safeguard industries like pharmaceuticals and beverages in Europe and Ireland.
32 Articles
32 Articles
India considers support package, incentives for exporters hit by Trump's tariffs
India is considering floating a support package among other incentives for exporters affected by US President Donald Trump's 50% tariffs. Several Indian sectors like marine, textile, and edibles are set to be immediately affected by tariffs.
For the first half of the year, there is a slight increase in the balance sheet. However, the German export industry is increasingly under pressure. The tariff conflict with the USA is threatening to become a permanent burden.
Associated Press News
New US tariffs cloud outlook for exporters in Asia and beyond
President Donald Trump's new tariff rates on U.S. imports from dozens of countries have taken effect, the latest chapter in his effort to reshape global trade.
Govt Mulls Incentives For Indian Exporters As US Doubles Import Tariffs: Sources
The Centre is mulling over new incentives for Indian exporters amid the doubling of import tariffs by the United States, sources told NDTV Profit on Thursday.Some of these incentives were provisioned in the Union Budget for financial year 2025-26, the persons privy to the development said.The pressure on Indian exporters is mounting due to Trump's latest move to slap an additional 25% tariffs on the country, for its continued purchase of crude o…
The adoption of measures provided for in the Law on Economic Reciprocity, which allows Brazil to cut off countries that take harmful measures to the country, is not withdrawn at a second time from the government's response strategy to the tariff imposed by the United States. Unique matter for signatories. To have complete access, access the link of the matter and make its daughter.
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