Parliamentary Committee Studies US Tariffs' Impact on Indian Textile Exporters
20 hours agoBusiness
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1 SourcesCoimbatore, India
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Parliamentary Committee Studies US Tariffs' Impact on Indian Textile Exporters

A parliamentary committee studied the impact of US tariffs on Indian textile and garment exporters in Coimbatore. Representatives highlighted that US tariffs, particularly the additional 25% penalty, have severely affected exporters, forcing them to offer discounts and incur losses. Concerns were raised about potential job losses if the current tariff regime continues without government relief. Exporters urged for removal of caps on interest subvention and increased duty credits. They also noted that competitor nations like Vietnam and Bangladesh face lower tariffs.

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