Tamil Nadu Textile Exports Reeling from US Tariff Hike
The US has increased tariffs on Indian imports to 50%, significantly affecting Tamil Nadu’s exports, particularly in Tiruppur's textile sector, with an estimated impact of Rs 3,000 crore and numerous jobs at risk. Tamil Nadu CM M K Stalin calls for structural reforms to protect domestic industries.
- Country:
- India
Tamil Nadu Chief Minister M K Stalin has expressed concern over the US decision to increase tariffs on Indian imports to 50%, a move he says has drastically affected the state's exports.
The textile hub of Tiruppur is particularly impacted, with an estimated financial hit of Rs 3,000 crore and thousands of jobs under threat.
Stalin has once again urged the Central government to implement structural reforms to safeguard the nation's domestic industries and workforce.
Advertisement
ALSO READ
Impact of US Tariffs on Indian Exports: A Looming Trade Crisis
Trump tariffs: Govt sources say no cause for panic, impact unlikely to be as severe as feared given diversified nature of Indian exports.
US Tariffs Signal Geopolitical Shift and Challenge for Indian Exports
Rahul, Tejashwi joined hands to protect democracy, BJP will be defeated in Bihar polls: Tamil Nadu CM M K Stalin at Muzaffarpur rally.
US Imposes 50% Tariff on Indian Exports, Impacting $48 Billion Trade
Google News