The higher tariffs imposed on Indian goods by American President Donald Trump would have a long-term impact, especially for India’s marine exports, officials of the Union Ministry of Commerce told the Public Accounts Committee (PAC) headed by senior Congress leader K.C. Venugopal.

The PAC met to deliberate the ‘Performance audit report on the Export Promotion Capital Goods Scheme.

There were several questions on the impact of U.S. tariffs on Indian exports. Rajesh Agarwal, Special Secretary, Department of Commerce, maintained that anxiety over the adverse impact on the Indian pharmaceutical sector was unfounded, since India’s key competitor in this sector was China, which was also reeling under similar tariffs, sources said. He acknowledged that the high tariffs will have a negative long

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