Commerce Ministry Engages Exporters on Diversification Strategy as 50% US Tariffs Take Effect
With the United States imposing a steep 50% tariff on Indian exports starting August 27, 2025, the Commerce Ministry has initiated a series of high-level consultations with industry stakeholders to explore shipment diversification and mitigate the impact on key sectors. The move comes amid mounting pressure on India’s export-driven industries, particularly textiles, gems and jewellery,…