Goyal to assess the US tariff impact on Wednesday with export promotion boards | Today news

New -Delhi: As India reinforces the efforts to recalibrate its global trading strategy, Trade and Industry Minister Piyush Goyal will strengthen on Wednesday with representatives of all major export promotion boards to assess the implications of recent US tariff increases and the path ahead in trade conversations. The meeting, which will be held in the national capital, is expected to focus on the current state of involvement on a proposed bilateral trade agreement (BTA) and the emerging challenges facing Indian exporters as a result of the tightening of regulatory and tariff measures introduced by the US, two people said aware of the matter. Read also | India-uae-not-oil trade is about $ 100 billion under CEPA According to the two people who are aware of the development, the interaction will focus on collecting sector-specific input and bringing the government feedback with the government’s negotiating position. With US President Donald Trump’s administration accepting a reciprocal tariff policy and imposing an additional 26% duty on Indian goods on April 9, Indian exporters are in key sectors such as textiles, engineering goods, chemicals and jewelery and jewelry urgent clarity and support from the government. As the US is pushing trading partners to open their markets further, the Indian industry is increasingly searching for New -Delhi for a coordinated response to the security of competitiveness and the momentum of trade. “The minister will take place the concerns raised by the councils about the contours of India’s involvement in the US,” said the first of the two of the above persons. “Exporters are expected to flag key compliance barriers and seek better access to the US market,” this person said. India’s exports to the US could fall according to a recently released report by the Trade Think Tank Global Trade Research Initiative (GTRI), India could see a $ 5.76 billion or 6.41% drop in the export of merchandise to the US (CY2025) after the reopening position of the Trump administration. The study estimates a 6.4% drop in India’s overall exports to its top trading partner in the calendar year 2025, with key sectors such as gemstones and jewelry, marine products, electronics and auto parts that have the bulk of the impact. “The issues facing the industry will be discussed, and a possible way to reduce the impact of the reciprocal tariff is also expected to be recorded,” the second person said. Read also | Global South not responsible for environmental damage: Piyush Goyal, while no announcement is expected immediately after the meeting, the person said the interaction would help to form India’s next movements in the continued bilateral discussions. “India is taking a calibrated approach. The idea is to get constructively involved and ensure a balanced outcome that helps grow both economies,” the second person said. All senior officials from the Ministry of Trade are also expected to attend the meeting, which will serve as a platform for detailed consultations with export bodies on sectors. The Ministry of Trade is also expected to hold follow -up discussions with specific sectors after the April 9 meeting, as it is preparing for the next formal round of discussions with US trade officials. India has several export promotion boards (EPCs) that work under the Ministry of Trade and Industry to promote and support exports across different sectors. These include the Promotion of Apport, Engineering Execution Council, ACE and Jewelry Export Promotion Board, Electronic and Computer Software Export Promotion Board, and Pharmaceutical Export Promotion Board. Read also | Govt confident economic setback despite global challenges, says Piyush Goyal