India's biggest WOOLLEN knitwear market in Ludhiana is facing a double whammy as Trump tariffs have rolled out exports to US have become untenable and European buyers are driving a tough bargain and re-negotiating terms of orders.
The US has been the biggest customer of WOOLLEN knitwear, synthetic yarn and activewear from Ludhiana. With Trump tariffs of 50% in place, Ludhiana's exports are severely impacted. The exporters are hoping that like China, they get a 90-day reprieve.
Amit Jain, chairman of Confederation of Indian Industry Punjab told ET, "The world knows that Indian garment and textile market will face the tariffs.
Even as they are losing business, European buyers are now haggling on per unit cost. There is uncertainty which means that if the exporter re-negotiates with Europe and then the US comes around, he will be precarious.
CREDITS: TOI/ET edition dated 28th August 2025 and has not been edited by us.
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