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India approves $5 billion package to support exporters hit by U.S. tariffs

India's Minister for Information Technology Ashwini Vaishnaw (Photo by: REUTERS/Amit Dave) India has approved a $5 billion support package for exporters affected by tariffs imposed by the United States. In August, President Donald Trump raised tariffs on Indian goods to 50%, prompting concerns among businesses reliant on the US markets. The package aims to cushion exporters from the impact of the increased duties and ensure continued trade stability. Rebecca Bundhun […]

today13 November, 2025