The excerpts are from a presentation from Dr. Seshadri Ramkumar's insightful webinar on "Trade in the New Global Era with Reference to Textiles," held by NISTI on May 10, 2025.
In his presentation, Dr. Ramkumar predicted a likely reduction in US tariffs on Chinese imports, a foresight that has been confirmed by the recent announcement of tariffs being reduced to 30% following negotiations between the US and China.
This development highlights the dynamic nature of global trade and its significant implications for the textile industry, as discussed in the webinar.
Dr. Ramkumar also emphasized the opportunities for India to expand its textile exports to the United States in this evolving trade landscape.
He stressed the need for government support and strategic investments to enhance India's competitiveness. The presentation includes key recommendations for stakeholders to capitalise on these opportunities.