India Seeks Remedies Against Trump Tariffs Amid Trade Talks

In response to US President Trump's 25% tariff on Indian goods, the Indian government is considering support measures for exporters in sectors like textiles and chemicals. Talks for a Bilateral Trade Agreement are underway. Exporters request financial assistance and explore new markets to mitigate the impact.

In a bid to shield Indian exporters from the hefty 25% tariffs imposed by US President Donald Trump, the government is weighing support measures, particularly for sectors such as textiles, chemicals, and shrimp. Officials have engaged with export sectors, seeking solutions to the looming economic pressures.

The tariffs, set to apply from August 7, have prompted a series of requests from exporters, demanding financial relief and strategic logistical support. Key demands include interest subsidies, timely payment of dues, and open discussions on expanding to new markets like the UK and China.

Amid the tariff dispute, India and the US are progressing with Bilateral Trade Agreement negotiations. Talks aim to revert tariffs to previous levels, offering relief to affected industries. The Indian government remains committed to assisting exporters while facilitating ongoing trade dialogue.

(With inputs from agencies.)