We are relieved that President Trump is pausing the onerous reciprocal tariffs on most of our trading partners. Ninety days offers an opportunity to hold serious discussions about trade barriers and craft substantive market opening agreements. Our motto at USFIA is "Fashion Made Possible by Global Trade" and we know that fashion benefits from the opportunity to source across the globe.

However we are concerned about the escalating trade war with China. Ultimately no one wins in a trade war, so we hope that today's dueling tariff increases will lead to a serious negotiation to resolve the long-standing trade issues between the U.S. and China.

Pre Budget-Memorandum 2025-25 for Indian Textile & Apparel Industry 

Ensure availability of Raw Materials at international competitive prices
Indian domestic raw material prices are significantly higher than international prices. While competitors like Bangladesh, and Vietnam have free access to such raw materials, India has imposed QCO on MMF fibre/yarn which is acting as a Non-Tariff Barrier on the imports of such raw materials and thus affecting their free flow. It has resulted in a shortage of some specialized fibre/yarn varieties as also impacted domestic prices. (Annex 1).