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6h ago

U.S. to Enforce 50% Tariffs on Indian Goods From Aug. 27 as New Delhi Readies Exporter Relief

The Prime Minister’s Office will review targeted support for vulnerable sectors to cushion the blow to exporters.

'Economic war against India comes at time...': Analyst flags China threat before fresh Trump tariffs kick in
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Fresh US tariffs to hit India on August 27: Where is stock market headed?
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Overview

  • Government sources say the PMO has called an August 26 meeting, likely chaired by the Principal Secretary, to finalize India’s response.
  • Officials are weighing sector‑specific credit lines and cluster‑based working‑capital funds instead of broad loan guarantees sought under an ECLGS‑style scheme.
  • S&P Global Ratings, Morgan Stanley and Fitch say India’s large domestic market and low goods‑exports‑to‑GDP ratio should limit the macroeconomic hit.
  • Analysts warn labour‑intensive exporters such as textiles, gems and jewellery, and leather face margin pressure and job risks, while pharmaceuticals, smartphones and steel appear relatively insulated by exemptions or existing protections.
  • Brokerages flag near‑term market choppiness and potential foreign portfolio outflows, and Emkay Global says the chances of a negotiated settlement are fading.