New Delhi, Aug. 29 -- The Centre may partially compensate exporters for their US shipments under Donald Trump's punitive tariff regime, three people aware of the discussions said.

With the dawn of steep tariffs, Indian exporters are compelled to reduce prices to stay competitive, which makes a direct hit on their business. The government is now looking to bear 10-15% of the price cuts to help exporters stay in the game, the people cited above said on the condition of anonymity.

The relief, limited to US-bound consignments, will remain in force until the issue is settled through trade talks, which have been delayed but remain under discussion.

The proposal is being coordinated between the ministries of finance and commerce to address th...