PM Modi Holds Meeting at PMO on US Tariffs. Union Ministers Amit Shah, Piyush Goyal and Senior Officials Present. Strategy being determined in the meeting to assess the impact of tariffs and protect industries.
New Delhi. Following the announcement by the United States to impose a 50 percent tariff on goods imported from India, Prime Minister Narendra Modi has convened a high-level meeting at the PMO. The meeting is attended by Union Home Minister Amit Shah, Union Minister of Commerce and Industry Piyush Goyal, and several senior officials. The main objective of the meeting is to assess the impact of the American tariff policy and discuss potential solutions.
Importance and Objective of the Meeting
The significance of this meeting has increased because this US tariff policy could have a major economic impact on Indian exporters and traders. Prime Minister Modi has given clear instructions to officials to review all possible options and strategies so that Indian industry and exporters suffer minimal losses. Senior officials from the Ministry of Finance, Ministry of Commerce, Ministry of External Affairs, and other related departments are also present in the meeting.
Impact of Tariffs on India and Global Trade
Indian exporters may face heavy costs due to this decision by the United States. A 50 percent tariff means that the duty on goods exported to the US will double. This could weaken the competitiveness of Indian goods and affect demand in the American market. The goal of PM Modi and the ministers is to mitigate the challenges arising from the tariffs and to work on financial assistance and alternative measures for exporters.
