Overview

• New Delhi is weighing a plan to partially offset price cuts on US‑bound shipments by covering 10–15% for affected exporters until negotiations resolve the dispute, according to Mint.
• Officials are preparing liquidity support and fast‑tracking export‑promotion schemes, with options including emergency credit, loan moratoriums and an e‑commerce export hub, as the finance minister assured FIEO that exporters will be supported.
• The tariff regime now combines a 25% reciprocal duty from August 7 with an additional 25% penalty effective August 27 tied to Russian oil purchases, and White House economic adviser Kevin Hassett said relief is unlikely unless India reduces those imports.
• The sixth round of bilateral trade talks has been postponed, and Indian officials say formal negotiations will resume only after the additional 25% levy is addressed, though working‑level engagement continued via a virtual 2+2 inter‑sessional dialogue.
• Analysts estimate about $48.2 billion of exports are exposed and forecast a 0.4–0.8 percentage‑point hit to FY26 growth, with textiles, gems and jewellery, leather, footwear, seafood and engineering most at risk, and Crisil warns diamond‑polishing revenues could fall to about $12.5 billion.