New Delhi, April 10 -- New Delhi: The central government has stepped in to work with export bodies to identify new markets and limit disruptions to outbound shipments for sectors vulnerable to US tariffs such as gems & jewellery and marine products, according to two people familiar with the matter.

The 26% additional tariff on Indian exports announced by the US took effect on Wednesday. Gems & jewellery and marine products are heavily reliant on the US market due to better price realisations and high volumes, even though exports from India in both categories have been falling over the past three years.

"We are working on a diversification strategy to expand trade ties in Europe, the Middle East, and East Asia," said the first person cit...