Aggressive US tariffs is a huge setback to the labour-intensive apparel export industry. There is no way industry can absorb this
-SUDHIR SEKHRI, AEPC CHAIRMAN.
It is no longer feasible to export to US due to low margins, says Tirupur Exporters' Association (TEA) president Raja M Shanmugam.
are advancing shipments and planning to ship goods for four weeks, instead of a fortnight that we normally do
-ISRAR AHMED, DIRECTOR OF FARIDA GROUP
Ficci president Harsha Vardhan Agarwal said it was time to focus "all our energies" into strengthening the industrial economy and services sector.
"Trump provided us a once in a generation opportunity to take the next big leap on reforms. Crisis must be fully utilised," for mer G20 Sherpa and former CEO of govt's policy think tank Niti Aayog Amitabh Kant said on microblogging site X.
Just to contextualize several types of wo-men's trousers and some tracksuits face 28.2% duty. Boys' trousers and bovine meat are in the 26-27% range.
The situation continues to remain fluid and where will it settle and heading nobody has any clue as there are questions than answers staring global trade and commerce/economy.
'Orders On Hold or Being Cancelled'
Textile exporters to absorb losses on orders in hand, losing orders for the upcoming season.
Fingers crossed!
CREDITS: Automed content generated out of sources (ET/TOI) and not edited by us.
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