U.S. tariff of 10% elicits mixed reaction from Indian exporters
This differential treatment risks diverting sourcing orders for textile and apparel items away from India,” he said.The U.S. continues to be the single-largest market for India’s textile and apparel items. Annual export of textile and apparel products from India to the US are usually close to $11 billion. The industry maintains a zero-tolerance approach, backed by active enforcement measures and compliance mechanisms.
- ▪This differential treatment risks diverting sourcing orders for textile and apparel items away from India,” he said.The U.S. continues to be the single-largest market for India’s textile and apparel items.
- ▪Annual export of textile and apparel products from India to the US are usually close to $11 billion.
- ▪The industry maintains a zero-tolerance approach, backed by active enforcement measures and compliance mechanisms.
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For the Indian exporters to the U.S., the 10% tariff is likely to have a mixed impact, varying for each sector.While some exporters are of the view this will make Indian goods expensive, others say that Indian goods are still competitively taxed and so India will not lose its edge.“The fact that India has been placed in the lower 10% tariff category, while several competing exporting nations, including China, Vietnam, Thailand, Türkiye, UAE, Brazil, South Africa and others, face a higher tariff of 12.5%, reflects the recognition by the U.S. of the policy measures taken by the Government of India to strengthen its framework relating to forced labour,” S.C.
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