Big PMO meet tomorrow as Trump's 50% tariffs set to come into force: Sources

Starting Wednesday, Indian goods entering the US market will be subject to a 50% tariff after Washington doubled existing duties, heightening cost pressures on exporters. The Prime Minister’s Office will convene a high-level meeting on August 26 to review measures for Indian exporters facing the impact of higher tariffs in the United States, according to people familiar with the matter. The session is expected to be chaired by the Principal Secretary to the Prime Minister.

The Commerce and Industry Ministry has been consulting exporters and export promotion councils to understand the impact of the existing 25% levy, which firms say has already squeezed margins and reduced competitiveness. Policy options under discussion include targeted support for specific industries rather than broad, economy-wide measures. Exporters had requested an Emergency Credit Line Guarantee Scheme (ECLGS), offering collateral-free working capital with Government-backed risk cover, but officials believe sector-specific interventions could be more effective.

Source : https://www.indiatoday.in/business/story/pmo-to-chair-key-meeting-on-50-us-tariffs-tomorrow-details-here-2776375-2025-08-25