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2 mn jobs at risk in apparel mfg sector

The New Indian Express Tirunelveli

|

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.

- DIPAK MONDAL @ New Delhi

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

FLERE HISTORIER FRA The New Indian Express Tirunelveli

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The New Indian Express Tirunelveli

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The New Indian Express Tirunelveli

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The New Indian Express Tirunelveli

'India conceals, Trump reveals,' says Cong on US Prez's Russian oil claims

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time to read

1 min

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The New Indian Express Tirunelveli

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Asia Cup to be handed over in official ceremony: Naqvi

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time to read

1 mins

October 23, 2025

The New Indian Express Tirunelveli

Brittas says concerned over OCI registration norms, writes to Shah

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time to read

1 min

October 23, 2025

The New Indian Express Tirunelveli

6 lakh Amazon jobs on the line as robots step in

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The New Indian Express Tirunelveli

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NZ stand between India & future

Hosts are staring at danger after 3 losses; they'll be hoping for a turn in fortunes today

time to read

3 mins

October 23, 2025

The New Indian Express Tirunelveli

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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.

time to read

2 mins

October 23, 2025

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