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Textile exports may get competitive edge
Hindustan Times Amritsar
|April 04, 2025
The universal and reciprocal tariffs that US President Donald Trump announced on April 2 have put the Indian textile sector, especially apparel exports, at a relative advantage vis-a-vis its peers.
CHENNAI:
That's because the US has levied higher tariffs on India's main competitors in the global market. Vietnam will suffer a 46% tariff on all exports while Sri Lanka will have 44% tariffs and Bangladesh 37%. China, the biggest exporter of textiles to the US, will have to pay 54% more (34% reciprocal tariff plus the 20% tariff levied after Trump returned to office in January).
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