PHDCCI reaction on Trump Tariff levy from today
City Air News
Aug 27, 2025 08:22
0
Hemant Jain, President, PHDCCI
"In response to the implementation of President Trump's punitive 50% tariffs on Indian goods effective August 27, 2025, the Government of India has formulated and deployed a comprehensive multi-dimensional strategic framework designed to mitigate adverse economic impacts while strengthening the nation's export competitiveness. Central to this response is the establishment of a substantial ₹25,000 crore financial support mechanism under the Export Promotion Mission (EPM), structured across six financial years spanning 2025-2031. This strategic initiative is specifically designed to provide enhanced access to affordable credit facilities, facilitate improved market penetration opportunities, and create a robust buffer mechanism to insulate Indian exporters from the deleterious effects of the tariff regime."
