By Admin 
Us high tarifs on india: After the additional 25 percent tariff imposed by US President Donald Trump, now the total rates of tariffs on Indian goods have increased to 50 percent. After this, it has become difficult for Indian exporters to get rid of American market competition compared to countries like Vietnam and Bangladesh. But as soon as 50 percent tariff rates have been implemented on India, the government has come into action completely and is trying to save industries.
Government came into action
An official statement said that this week, a session has been scheduled for talks with businessmen of many industry from chemicals to gems and jewelery on behalf of the Union Ministry of Commerce. Its purpose is to discuss with all these people and move forward towards the new market.
The news agency PTI, citing a government official, said that the Export Promotion Scheme was announced during the budget 2025-26, work is being done by taking fast steps on it. He said that the ministry will meet with stakeholders regarding the diversification of exports within the next two to three days.
48 billion business will be affected
India exports about 20 percent of its total exports to the US. During the last financial year i.e. 2024-25, India was exported to $ 437.42 billion.
Since 2021-22, India is considered to be the major trading partner of America. Bilateral trade between the two countries has increased to $ 131.8 billion in 2024-25, out of which 86.5 billion exports and 45.3 billion were imported.
It is believed that applying 50 percent tariff on Indian goods will directly affect the export of about $ 48 billion. The sector on which this tariff has been installed includes textiles, gems and jewelery, leather and shoes, goods made of animals, chemicals and electric and machinery. However, electronics goods, energy products and pharmaceuticals are excluded from this scope.
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