Centre’s support essential to mitigate impact of U.S. tariffs on exports, says Kerala Finance Minister

Kerala Finance Minister Kn Balagopal said to the Parliament on Tuesday, September 16, 2025, said the Kerala Government would need to overcome the last effects of the Union Government’s Union Government on the US imports of the United States.

CPI (M) MLA PP Chitharanjan moved by a attention movement moved by Balagopal, Union Finance Minister, after the tariffs in various sectors working people working in the challenges, he said. The issue was presented to the attention of the 16th Finance Commission.

Authorized, accelerating IGST refunds, providing energy subsidies and providing temporary aid packages to workers in various sectors, such as urgent measures, such as the proposed measures, he said. Diversification of export markets, RUPI -based trade arrangements for exporters from dollar -based exchange rates, marking support for exporters and collective bargaining power requires the necessary support to provide the necessary support for small and medium -level enterprises to open trade -friendly centers in non -US countries and to meet international standards.

The new tariff policy of the US announced by President Donald Trump will affect exports from sectors such as seafood, spices, cashew peanuts, patients and tea. Approximately 12-13% of Indian seafood exports are from Kerala. 20-25% additional tariffs increase the total task load on the shrimp above 33%. This led to the cancellation of orders from the USA, the accumulation of stocks in cold warehouses and the processing facilities fall below 20%. Most of the workers participating in shrimp processing are women whose livelihoods are directly threatened. It will create major losses of business in the coastal area. Authorized, small and medium processing units will be threatened to survive, he said.

More than 80% of India’s pepper exports come from Kerala. The gradual increase up to 50% of the existing tasks will weaken Kerala’s competitiveness. Exporters, since the announcement of the tariff announcement in the last months reported a 6% decrease in orders. Products from countries such as Vietnam and Indonesia pose a great threat to Kerala. In the traditional sector, Kaju, pistachio in the air and Handlooms are also faced with the threat of tariffs. Kerala’s tea exports worth approximately 700 Crore per year are closely linked to the US market. There was a sharp decline in the orders. Balagopal, the US tariff policy, our export sectors are buried in local communities, because the trade figures and income losses on Kerala will have social effects beyond the loss of income.