India, Sept. 6 -- With US President Donald Trump imposing stiff tariff on India thereby adversely impacting exports up to 48 billion dollars, Finance Minister Nirmala Sitharaman said here on Friday the Government will announce a package of relief measures to support exporters.
Her assurance that Indian exporters will not be left "high and dry" came as the US last month enforced additional duties on Indian goods, including a 25 per cent punitive levy linked to New Delhi's Russian crude oil imports. With this, tariffs on several products - ranging from garments and jewellery to footwear and chemicals - have climbed as high as 50 per cent.
The relief package would help those industries affected by the recently imposed tariffs. "The Governm...
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