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Bloomberg Quint

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Image Credit: Bloomberg Quint

Trump Tariffs: Carpets, Handicrafts Exporters Demand Relief

  • Exporters from India's carpets and handicrafts industries have demanded the Union government's intervention to shield them from the impact of US President Donald Trump's reciprocal tariffs.
  • The government assured the exporters that it will work to provide a conducive environment to enable them to successfully navigate the recent changes in the global trade environment.
  • The exporters requested a three-month pause on tariffs for shipments that are ready or in customs. They also sought a relief package from the government.
  • The Indian government indicated that it is not looking at protectionism but focusing on self-reliance and the Interest Equalisation Scheme to support all exporters.

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