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India Inc SOS to govt as US tariffs kick in
The Morning Standard
|August 08, 2025
WITH the US imposing a massive 50% tariff on Indian products, the affected sectors—primarily textiles, gems & jewellery, and MSMEs-have warned of a possible disruption of critical supply chains, plummeting exports, and thousands of job losses.
These sectors have also sought both fiscal and non-fiscal support from the government. However, government officials and industry experts say any support would fall short of offsetting the business losses caused by the high tariffs.
On Wednesday, the US imposed an additional 25% tariff over and above the earlier-announced 25% tariff on Indian exports, to penalise India for its continued crude oil imports from Russia. The first 25% tariff took effect on Thursday, while the second levy will kick in on August 27.
Cette histoire est tirée de l'édition August 08, 2025 de The Morning Standard.
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