The impact of the US tariffs: The Indian government is trying to speed up the introduction of its mission to support exports to help exporters, said PTI official PTI 28.
“The exporters were looking for help on the liquidity queue, the problem is being considered. The government is confiscated from the problems faced by the exporters, the positive work that will help them,” the government official said.
In an interview with the news agency, he added that export diversification will help exporters in the long run to maintain a trajectory.
Donald Trump’s tariffs for Indian imports to the US have doubled from April from 25 percent to 50 percent from August 27 after imposing a “punishment” for oil purchases from Russia in the middle of the invasion of Ukraine.
“Positive work takes place for the best implementation of industry proposals”
Meanwhile, the interview with or, the official of the Ministry of Commerce also confirmed that the promotional mission would be accelerated, added that the government will listen to fears of this industry and work to best implement proposals to mitigate the impact of US tariffs.
“It is understood that 50 % of tariffs will have an impact on trade. In the short term, it will have an impact on textile, chemicals and mechanical industries, but it will not be too long -term loss,” the clerk said.
The industry’s reaction added: “The industry is worried; they are sending the representations. The industry has pointed out that their orders will face slowing, face liquid crisis.
He added that the government aims to support this industry and said: “Positive work is going to determine the best way to implement their suggestions. Their suggestions are on the government’s agenda. We try to speed up the introduction of export promotional missions (EPM) The offer, or the most pleasant is that it is fraud or adds them to a new opportunity.
India is in line with 50% Trump tariff
At the beginning of August 27, an official told PTI that India was planning to face US “US grown 50 % on textiles, through reserved field programs in 40 countries. It would be a” targeted approach “that would build India as a” reliable supplier of quality, sustainable and innovative textile products “.
The official added that these 40 countries include Australia, Belgium, Canada, France, Germany, Italy, Japan, Mexico, Poland, Russia, Spain, South Korea, Turkiy, the Netherlands, the United Arab Emirates and the United Kingdom.
In particular, India already has export links with more than 220 countries. However, 40 importing countries listed for Outreach have a real key to diversification. This official stated that the Indian EPCs (EPCS) support councils will be the “backbone” in the diversification strategy.
(With the entry from agencies)
(Tagstotranslate) American tariffs
