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Advantage, textiles and leather
Mint Bangalore
|April 04, 2025
The universal and reciprocal tariffs that US President Donald Trump announced on 2 April has put Indian textile and leather sectors at a relative advantage over their peers.
The universal and reciprocal tariffs that US President Donald Trump announced on 2 April has put Indian textile and leather sectors at a relative advantage over their peers. This is because the US has levied higher tariffs on India's main competitors.
Vietnam will suffer a 46% tariff on all exports, while it is 44% on Sri Lanka and 37% on Bangladesh. China, the biggest exporter of textiles and leather to the US, will have to pay 54% more (34% reciprocal tariff and 20% tariffs levied earlier after Trump returned to office).
Indian exports will face an additional tariff of 27%. That improves India's competitiveness in the US market.
Bu hikaye Mint Bangalore dergisinin April 04, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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