Govt Working on a Package to Support Exporters Hit by Tariffs

Various industries are sharing impact with the concerned departments or ministries as 2nd part (25%) of the tariff kicked in from August 27

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NEW DELHI: The government is working on a comprehensive package to support Indian exporters impacted by a steep 50 per cent tariff imposed by the US, Finance Minister Nirmala Sitharaman has said, asserting a multi-departmental engagement is underway to assess the impact on Indian shipments.

Sitharaman said various industries are sharing the impact with the concerned departments or ministries as the second part (25 per cent) of the tariff kicked in from August 27.

"So, we are getting their inputs...something is being worked out to do some hand-holding for those exporters who have been affected by the US tariff of 50 per cent," she said.

"Till the time we get that assessment, how can we assume how much the impact is? So every respective ministry is speaking to their stakeholders and asking for an assessment of 'Kitne Tak Apke Upar Iska Asar Padega' (how much will be the impact). We will have to see," she said.