How are US tariffs impacting Indian exporters?

Indian exporters in sectors like textiles, marine, and food are seeking government aid and affordable credit to cope with the 25% tariff imposed by the US, as US buyers are canceling or holding back orders, threatening job losses and a decline in India's exports to the US.

What assistance are Indian exporters requesting from the government?

Indian exporters have requested the government for financial aid, affordable credit, and plans similar to the production-linked incentive (PLI) scheme to help them cope with the US tariffs and avoid mass layoffs.

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Indian Exporters Plead for Help as US Tariffs Threaten Exports

Q: What are the main concerns of Indian exporters regarding the US tariffs?

Indian exporters are worried about the 25% tariff imposed by the US, which will affect a range of their exports, including textiles, gems and jewelry, shrimp, leather and footwear, chemicals, and electrical and mechanical machinery. They fear this could lead to a 30% decline in India's goods exports to the US.

3 Aug

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Summary

Indian exporters request government aid and affordable credit
Sectors like textiles, marine, and food face challenges
US buyers canceling or holding back orders, risking job losses

Indian Exporters Plead for Help as US Tariffs Threaten Exports

As of August 3rd, 2025, Indian exporters from various sectors, including food, marine, and textiles, have sought financial assistance and affordable credit from the government to cope with the 25% tariff imposed by the US. In a meeting with the Commerce and Industry Minister, exporters requested plans similar to the production-linked incentive (PLI) scheme, as well as loans at lower interest rates.

The situation is particularly challenging for sectors like apparel and shrimp, as US buyers have started canceling orders or holding back orders. Exporters warn that this could impact India's exports to the US in the coming months, potentially leading to job losses. The 25% duty, which will come into effect on August 7th, 2025, will affect a range of Indian exports, including textiles, gems and jewelry, shrimp, leather and footwear, chemicals, and electrical and mechanical machinery.

Experts estimate that India's goods exports to the US may decline by 30% from $86.5 billion in the last fiscal year to $60.6 billion in 2025-26 due to the tariffs. Industry leaders have called for immediate government intervention to offset this setback and help exporters avoid mass layoffs.

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