US Tariffs Rattle Indian Exporters, Fueling Calls for Support

Image for article US Tariffs Rattle Indian Exporters, Fueling Calls for Support
News Source : Financial Post

News Summary

  • Indian exporters hit by President Donald Trump’s 50% tariff say they can’t survive without government support.
  • The tariffs — which took effect Wednesday in Washington — doubled the previous 25% duty and are now among the highest in Asia.
  • Industry groups are pushing for stimulus that includes cheaper loans, wage subsidies and tax breaks to soften the blow.
  • Without such relief, they warn, production will stall, workers could be laid off and India risks ceding its hard-won market share to rivals.
(Bloomberg) Indian exporters hit by President Donald Trumps 50% tariff say they cant survive without government support, as calls for relief grow.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubs [+4781 chars]

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