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50 Percent US tariff on Indian apparel exports could be death knell for small firms- AEPC

Synopsis

Indian apparel exporters are worried about new US tariffs. The Trump administration is doubling tariffs on Indian goods to 50 percent. Apparel Export Promotion Council fears this will devastate small businesses. They are seeking government support to offset the impact. The US is a major market, accounting for 33 percent of India's garment exports.

Amidst Donald Trumps tariff threats, India plans big Rs 20,000 crore project being readied for expor

India is set to launch a ₹20,000 crore Export Promotion Mission by September to shield exporters from global trade uncertainties. The initiative aims to improve export credit access, address non-tariff barriers, and promote 'Brand India' internationally.

Indian Apparel And Textile Industry Hit by 25 Percent US Tariffs

The Indian apparel industry is bracing for significant challenges as the U.S. government implements a steep 25% tariff on textile and clothing imports starting in the coming months. This announcement comes amidst ongoing trade tensions and is expected to have far-reaching repercussions for Indian manufacturers, particularly those heavily reliant on exports to the U.S. market.

IIndias textile and apparel sector stays confident despite 25 Percent US tariff

Insights

Despite the newly imposed 25 per cent US tariff and penalty, India's textile and apparel industry remains confident, citing its quality, scale, and resilience.
Industry leaders stress the need to remove the 11 per cent duty on US cotton and recommend export incentives.
The UK FTA and progress in EU negotiations offer alternative opportunities.
Competition from Vietnam and Indonesia remains a concern.

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