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Indian authorities working on strategy to ease consequences of US tariffs

The tariffs will affect exports of goods to the US totaling $48.2 bln

NEW DELHI, August 27. /TASS/. Indian authorities are developing a comprehensive strategy to soften consequences of 50% tariffs set by the United States on Indian goods, The Economic Times reports.

The tariffs will affect exports of goods to the US totaling $48.2 bln. Labor-intensive industries are of particular concern because exports of textile, shrimps, leather, gems and jewelry will be the most exposed.

Pharmaceuticals, electronics and petroleum products continue to be exempt from tariffs.