Textile sector hit hard by Trump tariffs

Textiles and Apparel seem to be one of the Indian industries that have been hit hard by the recent imposition of high tariffs by the Trump Administration.

- RITWIK MUKHERJEE

The recent imposition of a 25 per cent additional ad valorem tariff and 25 per cent penalty (adding up to 50 per cent additional tariff) has significantly undermined the competitiveness of Indian textile and apparel exports to the USA.

One must, at this point, try and understand the magnitude and nature of the economic and operational impact in the T&A industry, and try to identify priority policy interventions needed to mitigate adverse effects and restore competitiveness.