New Delhi, Aug. 8 -- The government convened a meeting on Thursday with representatives fr0m the textiles and chemicals industries to address the anticipated impact of 50 per cent additional tariffs imposed by the United States.

The discussion focused on developing strategies to mitigate the adverse effects through targeted incentives and market diversification initiatives for these sectors, which are expected to face the most significant challenges fr0m the new tariff structure, as per a report by FE.

During the commerce ministry-led meeting, officials explored proposals to prioritise support for affected sectors through the Export Promotion Mission (EPM).

Government sources indicated that support measures under this mission would be ...