New Delhi, Aug. 27 -- Former senior diplomat Mahesh Sachdev on Wednesday reacted to the additional 25 per cent tariffs imposed by the United States on Indian goods from August 27, calling it a "serious setback but not exactly a disaster."

"On the occasion of Ganesh Chaturthi, President Donald Trump has decided to usher in a new era in the US-India bilateral commercial relationship... $60.2 billion of Indian exports are going to be subject to 50 per cent tariffs; 3.6 per cent will be subject to 25 per cent tariffs. Approximately $30 billion will be exempt from tariffs," Sachdev said.

He highlighted the sectors most impacted by the tariff hike, noting, "Textiles, gems and jewellery, and seafood are going to take a serious hit. They are la...