As the US extends tariffs on a range of Indian goods, Commerce Minister Piyush Goyal is meeting with exporters in Mumbai between August 2 and 4 to understand the ground realities. The meetings come at a time when sectors like textiles, electronics, pharmaceuticals, and agriculture are beginning to feel the pressure from higher trade duties.

These discussions are focused on identifying the specific impact of the new tariffs and exploring possible policy responses. Exporters are raising concerns around shrinking margins, delayed shipments, and the uncertainty it brings to long-term contracts. Many are also looking for government support to help weather this shift.

While the US remains a key market for Indian products, these changes are forcing businesses to reassess their strategy. Diversifying into newer markets and making supply chains more flexible are now becoming a priority.

For the Indian government, this is about more than just short-term reaction. The talks in Mumbai reflect a broader intent to ensure that India’s export economy remains competitive and resilient. Any policy response will likely focus on easing the burden on affected industries and encouraging exports to alternative destinations.

This is not the first time trade tensions have surfaced between the two countries, but the current round of tariffs has come at a time when global trade is already under pressure. With input from exporters, the government is expected to come out with a clearer strategy soon.