Commerce and Industry Minister Piyush Goyal held a meeting on Monday, August 4, with exporters from the leather and footwear sector in New Delhi.Since the announcement of tariffs by the United States, the Minister has met several exporters from labour-intensive sectors that are expected to be impacted. These include agriculture, seafood, food processing, textiles, as well as exporters of high-end products such as engineering goods, metallurgical coke, and steel.Also Read: Trump threatens higher tariffs on India for buying Russian Oil in latest social media post
Sources have indicated that the government is mulling support for exporters across sectors to cushion them against the impact of US tariffs.Sources told CNBC-TV18 that leather and footwear exporters have sought a 5% duty credit scrip or incentives to partially offset US import duties, along with interest subvention for support amidst global trade volatilities.While the industry is seeking interim relief for shipment-ready products as geopolitical headwinds are impacting demand, exporters have requested Indian officials to urge the US government to include leather and footwear under the list of exempted items.India’s footwear and leather exports to the US between April and June FY26 accounted for nearly 50% of total exports in FY25.(Edited by : Akanksha Upadhyay)
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