U.S. tariffs: Indian textile exporters on wait and watch mode
Between January and Could this 12 months, the U.S. imported textiles and attire value $5.11 billion from India, which is 13% greater than the exports for a similar interval final 12 months.
| Picture Credit score: MANSI THAPLIYAL
The Indian textile trade is on a wait and watch mode relating to U.S. tariff bulletins.
Between January and Could this 12 months, the U.S. imported textiles and attire value $5.11 billion from India, which is 13% greater than the exports for a similar interval final 12 months.
“We’re actively monitoring the progress of the newest tariff-related bulletins, together with their impression on particular sectors, since they concern many nations that are our rivals within the textile and attire export area,” mentioned the Confederation of Indian Textile Trade chairman Rakesh Mehra.
“The preliminary indicators on this connection augur effectively for Indian textile and attire exporters by way of having the ability to increase their entry within the U.S. as they’d now develop into extra worth aggressive relative to these from different nations,” he added. The U.S. has imposed a 35% tariff on exports from Bangladesh.
The trade is assured {that a} mini commerce deal between India and the U.S. could be in place quickly, the confederation mentioned.
Revealed – July 09, 2025 08:31 pm IST
