US Boosts Tariffs on Indian Textiles

  Published 8 months ago

U.S. adds 25% tariff on Indian textiles, pushing duties up to 50% and stocks tumble.

  • Kitex, Raymond, Welspun fell 5%, 2.5%, 2%; Vardhman, Gokaldas were down about 1% in trading today.
  • U.S. is India's biggest garment market; tariffs cause order cancellations, hurting competitiveness versus Bangladesh, Vietnam.
  • India halted 11% cotton import duty until September 30, yet tariffs still pressure exporters heavily.

You might like these

Waaree Wins ₹346 Crore Solar Project

Suprajit Engineering: FY25 Results

Lumax Auto Tech Shares Rise on Margin Outlook

Vedanta Q1 Profit Drops, EBITDA Hits Record

Afcons Bags Rs 175 Crore RIL Infrastructure Contract

Vodafone & Cyient AI Network Solution

Meta & Thailand Partner on Privacy Education

News that matters the most ⚡