Tariff Watch Part 2: How US tariffs could impact India’s textiles sector
Description
Washington’s new tariff regime, an extra duty on India-origin imports and the end of the $800 de minimis exemption, is already rippling through India’s textiles and apparel supply chain. Export margins are being squeezed, small businesses have maxed out working capital loans and inventories have piled up as orders have stalled, and mills are facing a major shortage of cotton. In the next part of a series on In Focus, looking at the impact of the United States’ 50% tariffs on goods imported from India, we unpack who gets hit, how jobs are affected, and what policy support could cushion the blow for the textiles and apparels sector – a sector for which close to a third of its export orders come from the U.S.
Guests: Soundariya Preetha M, Deputy Chief of Bureau, The Hindu
Thivya Rakini, State President, Tamil nadu Textile and Common Labour Union (TTCU)
Host: Kunal Shankar
Edited by Sharmada Venkatasubramanian
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