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Exporters brace for tariff tension
April 02, 2025
|The New Indian Express Tiruchy
Worried Punjab and Haryana manufacturers want govt to protect domestic industries
WITH Wednesday the rollout date for reciprocal tariffs announced by US President Donald Trump, manufacturers and exporters in Punjab and Haryana feel vulnerable and want the government to protect the domestic industry.
The president of the World MSE Forum, Badish Jindal, says the tariffs will affect auto parts, garments, hosiery, steel products, and fasteners.
In his view, India should "learn" from the US and protect "our interests."
Of the trade imbalance, Jindal said, "We import goods worth ₹50 lakh crore, including ₹9 lakh crore from China. Our exports to China are only ₹1 lakh crore. While our exports were ₹30 lakh crore last year, the trade deficit was ₹19.96 lakh crore; it may go up to ₹22 lakh crore now."
He feels "Pakistan and Bangladesh will benefit from the US tariffs as they are hosiery majors and giving us tough competition".
هذه القصة من طبعة April 02, 2025 من The New Indian Express Tiruchy.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Tiruchy
The New Indian Express Tiruchy
Maha plan: Date of birth must on wedding cards
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1 mins
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Croatia stay alive, Panama eliminated
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17 accused in SIT report in Ayodhya temple fund scam
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1 min
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Shah vision document to take on narco terror
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1 mins
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Landmark legal win for female footballers
IN a landmark legal win for female football players, sport’s highest court has awarded Maja Gothberg salary compensation from Lazio Women after the Italian club ended contract talks when it knew she was pregnant.
1 min
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PAC chief seeks report on Great Nicobar project
DURING a meeting of the Public Accounts Committee on Wednesday, its chairman and Congress MP K C Venugopal sought a report on the controversial Great Nicobar Project from Union Home Secretary Govind Mohan, sources said.
1 mins
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The New Indian Express Tiruchy
Jekyll and Hyde rerun? Blanket seller during day, drug smuggler at night
BY day, he travelled from town to town on a motorcycle selling blankets. By night, he smuggled drugs like opium and poppy husk across state borders.
1 min
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Munoz powers Colombia to Rd of 32
DANIEL Munoz helped Colombia break through DR Congo’s stingy defense and advance to the knockout stage of the World Cup with a 1-0 victory on Tuesday night.
1 min
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The New Indian Express Tiruchy
ROOFTOP SOLAR THRUST NEEDED FOR GREEN GOAL
A nationwide study has found that the country’s rooftop solar power generation capacity is growing in a markedly lopsided manner.
1 mins
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The New Indian Express Tiruchy
Hurdler Yarraji makes dream return
SHE looked focussed on the starting block of the 100m hurdles. It was a year to the date since she was forced off the track because of an ACL tear — something all athletes dread because of the time it takes to heal and the uncertainty associated with it even after recovery.
1 min
June 25, 2026
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