‘Don’t panic, look at silver lining’: Piyush Goyal to Indian exporters amid Trump tariff tension

The Minister of Commerce in the Federation and Industrial Authority in New Delhi said amid new trade tensions after he conducted high -level discussions with export promotion councils and industrial bodies in New Delhi amid new trade tensions after they held high -level discussions with export promotion councils and industrial bodies in New Delhi amid new trade tensions, where he conducted high -level discussions with export promotion councils and industrial bodies in New Delhi New commercial tensions after holding high -level discussions with export promotion councils.

The meeting came a few days after US president Donald Trump imposed an additional duty of 26 percent on Indian goods, along with a sharp tariff in China (104 %), Vietnam (46 %), Indonesia (32 %), and Thailand (36 %). The new duties entered into force on April 9, as it dealt with sectors such as shrimp, carpets, medical devices and gold jewelry.

In the treatment of industrial leaders, Joyl praised the two exporters for their performance despite the global opposite winds. He said: “Despite the multiple opposite winds, including the Red Sea crisis, the Israeli conflict, Hamas, leaks to the Gulf region, the continuation of the conflict between Russia, Ukraine, and slow growth in some advanced economies,” “The exporters have shown flexibility and efforts.”

Joyal for Industry confirmed that the government is closely tracking the advanced global trade environment and working “in a proactive” way to support the Indian exporters. He said that the team that puts the position of India in the Bilateral Trade Agreement (BTA) with the United States is to “explore the right mix and the right balance” and add us, “We are working quickly but not in an unjustified hurry to ensure the right result of the country.”

BTA’s ongoing negotiations attributed to “Prime Minister Narendra Modi Palace, who was one of the first global leaders to agree on BTA at his meeting with President Trump in February 2025.”

Joyal pointed out that the different countries respond to the changes in customs tariffs in its own ways, but said that India may appear stronger. ))

The meeting was attended by representatives from various councils to promote export, industrial bodies, and officials from the ministries of trade and other ministries. Sources raised concerns about the direct impact of new duties and requested proactive measures from the government to rid the strike.

Despite the slowdown in goods – Indian external shipments amounted to 395.63 billion US dollars during the month of April – February 20 to 25, approximately from the previous year – service exports continued in the same period, increasing to 354.90 billion US dollars from 311.05 billion dollars last year,

Joyal again confirmed the government’s commitment to enabling a favorable environment for trade. “We will work to provide a favorable environment to enable exporters to successfully move in recent changes in the World Trade Environment,” he said.