Govt Working on Comprehensive Package to Support Exporters Hit by US Tariffs: Sitharaman

New Delhi, Sept 8: Finance Minister Nirmala Sitharaman announced today that the government is crafting a **comprehensive relief package** to support Indian exporters severely affected by the United States’ recent move to impose tariffs up to **50%** on Indian goods. A multi-departmental coordination is already underway to assess impact and tailor assistance.

Strategic Relief Measures in the Works

According to media reports, the package may include **credit guarantee schemes**, especially for MSMEs, with added support such as export promotion missions, trade redirects, and streamlined SEZ norms. The Commerce Ministry is developing a **multi-tiered response**—spanning short, medium, and long-term interventions—to shield vulnerable exports.

Tax Reforms to Support Growth

Sitharaman also highlighted an ongoing reform in the GST structure—with anticipated lower tax rates across consumer goods—to bolster domestic demand, which would indirectly benefit affected industries by enhancing market resilience.

Government’s Broader Vision

Ahead of rolling out financial assistance, the Finance Ministry is closely monitoring exporter feedback and the performance of the rupee. Sitharaman assured exporters that the government is committed to ensuring competitive viability and continuity of global trade when faced with tariff-driven headwinds.

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Sources: Reuters, Times of India, Economic Times, AP News

Labels: US Tariffs, Export Relief, MSME Support, Nirmala Sitharaman, Trade Policy

Tags: #USTariffs #ExportHelp #TradePolicy #FinanceMinistry #Sitharaman

Disclaimer: This article is a rewritten summary based on reporting by Reuters, Times of India, AP News, and Economic Times. Jammu News Portal does not assume responsibility for the accuracy of external content.