Textiles face tariff turmoil amid US-China tensions and India's woes

Amid the 100 per cent tariff on China by the United States raising hopes for the Indian textile industry, a survey conducted by the Confederation of Indian Textile Industry (CITI) found that about one-third of the respondents reported that their turnover has been reduced by over 50 per cent due to the current tariffs on India. Bangladesh, Vietnam, and Indonesia have an advantage on the tariff front.  

 

Impact on turnover 

According to the respondents, buyers in US are asking for up to 30 per cent discounts,