Trump’s 50% Tariffs Begin — PMO in Emergency Huddle

Jai Siya Ram

1. Trump’s 50% Tariffs Begin — PMO in Emergency Huddle

  • The Prime Minister’s Office has scheduled an urgent high-level meeting (August 26) to plan targeted relief for exporters, ahead of the U.S. enforcing a 50% duty on Indian goods from August 27. The meeting will aim to shield critical sectors such as textiles, jewelry, seafood, and pharmaceuticals.

2. PM Modi Rallies Support for Small Businesses & Farmers

  • Prime Minister Modi reaffirmed support for small entrepreneurs and farmers, promising resilience and policy backing against external economic pressures.

3. RBI Signals Calm Amid Tariff Storm

  • RBI Governor Sanjay Malhotra voiced cautious optimism, suggesting ongoing trade talks could help limit tariff impact on India’s growth and exports.

4. India Opens Doors to Foreign Banks

  • Regulatory reforms continue: India is easing norms in its banking sector—LIC has been reclassified as a public shareholder in IDBI Bank, and Sumitomo Mitsui Banking Corporation cleared to take a near-25% stake in Yes Bank. This marks significant liberalization in Indian banking.

5. India Sustains Strong Economic Momentum

  • India’s private sector is thriving—record demand, surging services, strong exports, and a resilient manufacturing sector are helping the economy maintain momentum. This uptick is boosting domestic optimism.

Chandan Singh

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