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US tariffs threaten millions of jobs in India’s textile sector as American buyers pull orders
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Textile factories employ an estimated 65 million workers, mainly women, in India.
PHOTO: EPA
Follow topic:
- US tariffs on Indian textile exports have scared away buyers.
- Indian textile businesses anticipate revenue and job losses, with the impact felt across the textile ecosystem.
- Manufacturers are exploring options like relocating production facilities and seeking government support to mitigate the damage.
AI generated
BENGALURU – Having keenly followed US President Donald Trump’s “tariff crusade” over the past few months, textile exporter Harsha Mukund Soundararajan had long expected the mercurial American billionaire to train his sights on India at some point.
But when the tariffs were finally declared, Mr Harsha was stunned. Mr Trump imposed a so-called reciprocal tariff of 25 per cent, and India faces an additional 25 per cent tariff from Aug 27 due to its purchases of sanctioned Russian crude oil.
