Amid US tariff hit, Cabinet clears 6-year Rs 25,000 crore export mission

Steep 50 per cent US tariffs came into effect on August 27. After the China-US trade deal, tariffs on India are the highest globally. Under EPM, priority support will be extended to sectors impacted by recent global tariff escalations, such as textiles, leather, gems & jewellery, engineering goods, and marine products. The interventions will help sustain export orders, protect jobs, and support diversification into new geographies, a statement released by the Cabinet said. “The scheme is focused on the availability of credit and reducing the cost of credit, and focuses on MMSE exporters so that they can expand to newer…