Textile exporters are watching the U.S. tariff move

Indian Textile Industry Watches U.S. Tariff Announcements

• Indian textile industry is awaiting U.S. tariff announcements.

• Between January and May, U.S. imported $5.11 billion worth of textiles and apparel from India, a 13% increase from last year.

• Confederation of Indian Textile Industry chairman Rakesh Mehra reports the industry is monitoring tariff-related announcements.

• Initial signs suggest Indian exporters can expand U.S. access, becoming more price competitive.

• U.S. imposed a 35% tariff on exports from Bangladesh.

• Industry anticipates a mini trade deal soon.