US Edition
Indian textile exporters turn to Europe, offer discounts to offset US tariffs
Indian exporters face up to 50% US tariffs and are increasing shipments to the EU, which saw $137.5 billion in two-way trade last fiscal year, officials said.
- Indian textile exporters are focusing on Europe due to high US tariffs, as revealed by industry executives.
- Indian imports are facing tariffs of up to 50% after President Donald Trump increased them in August, according to Reuters.
- Vijay Kumar Agarwal warned that if US tariffs persist, his company may lose 6,000 to 7,000 of its 15,000 workers.
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Indian textile exporters turn to Europe, offer discounts to offset US tariffs
By Anmol Choubey (Reuters) -Indian textile exporters are seeking new buyers in Europe and offering discounts to existing U.S. customers to cushion the blow from steep U.S. tariffs of as much as 50%, industry executives said. President Donald Trump doub...
The Indian textile exporters are looking for new buyers in Europe and offer discounts to existing US customers to reduce the impact of American tariffs increased by up to 50%, they declared to be executive Reuters in industry.
Due to US tariffs Indian exporters redirect textiles to Europe
In August, the US doubled tariffs on imports of Indian goods to 50 percent, dealing a heavy blow to various sectors, particularly the textile industry. This has caused great concern among manufacturers and export companies in India. Indian exporters are now actively looking for new markets in Europe to mitigate the impact of US tariffs. "Our priority now is to redirect products to European Union markets," one Mumbai-based garment exporter told R…
Textiles, leather & kitchen items exports to US down
Indian exports of key goods to the United States saw a significant drop in August. Labour-intensive products like textiles, leather, and jewellery experienced a downturn. This follows the imposition of tariffs by Washington on New Delhi. Shipments of marine products, tyres, and garments also declined. Even kitchen staples like tea and spices faced reduced exports.
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