How Important is the Protection of Farmers and Exporters According to the Government?
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Synopsis
In light of recent tariff measures imposed by the US, the Indian government reiterates its commitment to protecting farmers and exporters. Discover how the government plans to navigate these challenges and safeguard national interests in this crucial update.
Key Takeaways
- The government prioritizes safeguarding farmers and exporters amidst tariff challenges.
- Approximately 55 percent of India's exports to the US impacted by new tariffs.
- Reciprocal tariffs of 25 percent initiated on August 7.
- Active engagement with stakeholders to assess the situation.
- Government emphasizes national interests in trade policies.
New Delhi, Aug 11 (NationPress) The government emphasizes the paramount importance of safeguarding and enhancing the welfare of farmers, entrepreneurs, exporters, and MSMEs. Necessary measures will be adopted to uphold national interests, as stated in Parliament on Monday.
According to Minister of State for Finance, Pankaj Chaudhary, approximately 55 percent of India's total merchandise exports to the US will be affected by the reciprocal tariff. This was communicated in a written response to queries in the Lok Sabha.
A reciprocal tariff set at 25 percent was enacted on specific goods exported from India to the US beginning August 7, with an additional 25 percent tariff slated to commence August 27 for Russian energy imports.
Chaudhary noted, "Various factors, including product differentiation, demand, quality, and contractual arrangements, will influence the ramifications on India's exports."
"The Department of Commerce is actively collaborating with all stakeholders, including exporters and industry representatives, to gather their evaluations regarding the situation. The government prioritizes the protection and promotion of our farmers, entrepreneurs, exporters, MSMEs, and will undertake all necessary actions to defend our national interests," he added.
New Delhi has asserted that the recent tariff measures imposed by US President Donald Trump are unfair, unjustified, and unreasonable. The government previously articulated its stance on these matters, highlighting that India's imports are driven by market dynamics aimed at ensuring the energy security of 1.4 billion citizens.
"It is, therefore, highly regrettable that the US opts to impose further tariffs on India for actions that numerous other nations are also pursuing in their own national interests," stated the official communication.
The newly implemented tariffs will apply to all qualifying Indian goods entering the US 21 days after the signing of the order, with exceptions for shipments already in transit before the deadline and cleared before September 17.
Point of View
It is essential to recognize that the nation's welfare is paramount. The government's proactive stance in defending farmers and exporters is commendable. However, the implications of international trade policies cannot be overlooked. The focus must remain on ensuring that the interests of our citizens are prioritized while navigating these complex global dynamics.
NationPress
20/08/2025
Frequently Asked Questions
What percentage of India's exports to the US will be affected by the tariffs?
Approximately 55 percent of India's total merchandise exports to the US will be subject to the reciprocal tariff.
When did the reciprocal tariff come into effect?
The reciprocal tariff at a rate of 25 percent came into effect on August 7.
What other tariffs are scheduled to be implemented?
An additional set of 25 percent tariffs on Russian energy imports is scheduled to begin on August 27.
What factors will influence the impact on India's exports?
The impact on India's exports will be determined by product differentiation, demand, quality, and contractual arrangements.
What is the government's stance on the US tariff actions?
The government has reiterated that the latest tariff actions by the US are unfair, unjustified, and unreasonable.
