Thursday 16 October 2025
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wn.com - 2 days ago

US tariffs spur Indian textile shift to Europe, FTA hopes rise

Textile exporters from India have been on the hunt for new customers in Europe and offering discounts to existing ones in the US in order to minimise the impact from steep US tariffs of 50%, according to a Reuters report. In August, US President Donald Trump significantly increased tariffs on Indian imports, imposing some of the highest duties on any trading partner. This move impacted a broad range of Indian goods and produce, including garments, jewellery, and shrimp, raising concerns about the potential economic repercussions for both countries. Impact of US tariffs The decision to double tariffs was part of a larger strategy by the Trump administration to address perceived trade...


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