https://www.taxtmi.com/news?id=53773 High import tariffs by a trading partner create primary, secondary and tertiary economic effects concentrated in several export sectors; ongoing trade negotiations and expanded free trade agreements are needed to address export shortfalls, while domestic measures-regulatory simplification, GST relief on essentials, workforce and skills initiatives, and the fiscal benefits of a sovereign rating upgrade-are proposed to mitigate macroeconomic spillovers, support consumption, manage inflationary risks and reduce costs for businesses. en-us Wed, 27 Aug 2025 20:16:03 +0530 Wed, 27 Aug 2025 20:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=53773 High import tariffs by a trading partner create primary, secondary and tertiary economic effects concentrated in several export sectors; ongoing trade negotiations and expanded free trade agreements are needed to address export shortfalls, while domestic measures-regulatory simplification, GST relief on essentials, workforce and skills initiatives, and the fiscal benefits of a sovereign rating upgrade-are proposed to mitigate macroeconomic spillovers, support consumption, manage inflationary risks and reduce costs for businesses. News - Wed, 27 Aug 2025 20:16:03 +0530 https://www.taxtmi.com/news?id=53773