Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
2 mn jobs at risk in apparel mfg sector
The New Indian Express Dharmapuri
|August 04, 2025
THE Indian apparel and textile industry is facing a potential crisis with the latest tariff rates announced by the U.S. government, which industry leaders warn could lead to over 2 million job losses and a significant downturn for the sector.
The new US tariff rate for India has been set at 25%, placing it at a significant disadvantage against major competitors like Bangladesh and Vietnam, which have been placed in lower tariff brackets of 20%. Indonesia and Cambodia have an even lower rate of 19%. The Indian apparel industry was comfortably placed with the originally announced reciprocal tariff structure as it enjoyed tariff advantage vis- à-vis major competitor countries. The liberation day tariff announced originally by the Trump administration against India was 26% whereas it was 37% against Bangladesh, 46% against Vietnam, 44% against Sr
This story is from the August 04, 2025 edition of The New Indian Express Dharmapuri.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Dharmapuri
The New Indian Express Dharmapuri
More foodgrain godowns built in 52 months by DMK than 10 yrs of AIADMK rule, says minister
IN the last 52 months of DMK rule, paddy godowns with a storage capacity totalling to 7.37 lakh tonnes were built, which is higher than what was set up during the 10 years of AIADMK rule, said Minister for Food and Civil Supplies R Sakkarapani on Wednesday.
2 mins
October 23, 2025
The New Indian Express Dharmapuri
Asia Cup to be handed over in official ceremony: Naqvi
REFUSING to budge from his previous stance, Mohsin Naqvi, Pakistan Cricket Board (PCB) chairman and also president of Asian Cricket Council (ACC), reiterated that the Asia Cup will be personally handed to the victorious Indian team by him in his capacity as the head of the continental cricket board.
1 mins
October 23, 2025
The New Indian Express Dharmapuri
PSG score seven, Barca hit six on a goal-filled night
PARIS Saint-Germain scored seven, Barcelona hit six and Erling Haaland struck his 24th goal of the season on an actionpacked night in the Champions League.
1 min
October 23, 2025
The New Indian Express Dharmapuri
Rain puts a dampener on NZ’s best laid plans
IN the last week or so, New Zealand captain Sophie Devine was seen playing with a mosquito bat in the dressing room at the RS Premadasa Stadium in Colombo and a sparkler, a type of firecracker, during Deepavali celebrations here in the city. But not so much with the bat.
1 mins
October 23, 2025
The New Indian Express Dharmapuri
Coach Srinath backs Praggnanandhaa, Erigaisi at chess World Cup
GRANDMASTER Srinath Narayanan, who was the coach of the India team that won gold at the 2024 Chess Olympiad, felt both R Praggnanandhaa and Arjun Erigaisi would have a great chance to lift the title.
1 mins
October 23, 2025
The New Indian Express Dharmapuri
Egypt, EU hold first summit on Gaza, trade and security talks
EGYPT and the European Union will hold their first summit on Wednesday in Brussels where leaders will discuss security, trade and migration as well as stability in Gaza.
1 min
October 23, 2025
The New Indian Express Dharmapuri
EC initiates talks with states for nationwide SIR rollout
THE Election Commission of India (ECI) on Wednesday began a two-day meeting with Chief Electoral Officers (CEOs) from all the states and the Union Territories (UTs) to review preparations for the nationwide Special Intensive Revision (SIR) of electoral rolls.
1 mins
October 23, 2025
The New Indian Express Dharmapuri
Vance, Bibi stress cooperation as ceasefire efforts continue
AS top US officials and envoys visit Israel this week to try to bolster the Gaza ceasefire agreement, Vice President JD Vance sought on Wednesday to publicly ease concerns within Israel that the Trump administration was dictating terms to its closest ally in the region.
1 min
October 23, 2025
The New Indian Express Dharmapuri
Two buses, other vehicles collide in western Uganda leaving 46 people dead
TWO buses and two other vehicles crashed early Wednesday on a highway in western Uganda, killing at least 46 people, police said, in one of the worst motor accidents in the East African country in recent years.
1 mins
October 23, 2025
The New Indian Express Dharmapuri
Rural women's participation in workforce high
25 Bhairav Light Combat Battalions likely to get ready within six months
1 mins
October 23, 2025
Listen
Translate
Change font size