Trump tariff blow: How India plans to tackle liquidity crisis, cushion hit on exporters

The US imposed 50 percent tariff on India is expected to affect around USD49 billion worth of Indian exports. Sectors like textiles, leather, gems, and jewellery are among the worst-hit sectors, however, the Indian government is reportedly working on a comprehensive strategy to mitigate this impact. The Modi-led government is preparing to take steps to help exporters deal with the liquidity crisis triggered by the 50 percent tariff on Indian goods.