**US Tariffs Impact Indian Exporters: Meeting Scheduled for April 9**
**Meta Description:** Union Minister Piyush Goyal to meet exporters on April 9 to address challenges posed by new US tariffs affecting Indian trade.
**URL Slug:** us-tariffs-indian-exporters-meeting-april-9
**Indian Exporters Face Challenges from New US Tariffs**
Union Commerce and Industry Minister Piyush Goyal is set to convene a meeting with exporters on April 9 to discuss the challenges Indian traders are likely to encounter due to the recent imposition of an additional 26% reciprocal tariffs by the Trump administration. This meeting will include senior officials from the commerce ministry, representatives from export promotion councils (EPCs), and members of the Federation of Indian Export Organisations (FIEO).
An exporter has emphasized the need for the government to provide fiscal incentives to all exporters, particularly micro, small, and medium enterprises (MSMEs), as the new US tariffs are expected to adversely affect India’s export shipments. The repercussions of these tariffs are anticipated to become evident starting in May, as demand in the US market is likely to decline.
The exporter noted that the sweeping increase in duties across all countries will have an inflationary effect on US consumers, potentially reducing demand for various goods not only in the US but globally. To mitigate these challenges, the exporter suggested that interest subvention should be extended to all exporters, allowing them to access credit at more favorable rates.
The United States represents approximately 18% of India’s total goods exports, 6.22% of imports, and 10.73% of bilateral trade. However, India’s exports have already seen a decline for the fourth consecutive month as of February, largely due to global economic uncertainties. For the period of April-February 2024-25, India’s merchandise exports reached USD 395.63 billion, a slight increase from USD 395.38 billion during the same timeframe the previous year. In contrast, service exports during this period are estimated at USD 354.90 billion, up from USD 311.05 billion in the previous year.
Sectors such as shrimp, carpets, medical devices, and gold jewelry are expected to be particularly affected by the newly announced 26% additional import duties from the US, raising concerns about the future of these industries.
**FAQ**
**What are the implications of the new US tariffs on Indian exports?**
The new 26% tariffs imposed by the US are expected to negatively impact Indian exports, particularly in sectors like shrimp, carpets, and medical devices, leading to reduced demand and potential financial strain on exporters.
