12-August-2025
Economy News
 
FE Exclusive: PMO moves to tackle Trump tariffs; Committee to submit report in two months
12-Aug-2025

After US President Donald Trump decided to slap a total tariff of 50% on Indian exports barring a few exceptions, the Prime Minister’s Office (PMO) has swung into action to contain the possible damages. Following a series of meetings chaired by Shaktikanta Das, principal secretary-2 to the Prime Minister, the PMO has directed the department of economic affairs (DEA) in the finance ministry to set up an inter-departmental committee to overhaul tax and export clearance processes for the manufacturing sector.

News Source:- https://www.financialexpress.com/policy/economy-pmo-moves-to-tackle-trump-tariffs-3943579/