NEW DELHI: Finance Minister Smt. Nirmala Sitharaman recently chaired an inter-ministerial meeting to explore support measures for exporters impacted by the 50% US tariffs on Indian goods, PTI reported citing sources.

Senior officials from the ministries of finance, commerce, textiles, MSMEs, chemicals, and fisheries participated in the discussions. The meeting comes after the Trump administration’s tariff hike, effective August 27, which exempts only a few products.

Exporters warned that labour-intensive sectors, including shrimp, chemicals, textiles, leather and footwear, and gems and jewellery, could face major losses as their products become more expensive . . .