Reported 19 days ago
In response to steep tariffs of up to 50% imposed by the U.S., Indian textile exporters are targeting European markets and offering discounts to U.S. customers to mitigate the impact. Industry leaders emphasize the need for diversification and adherence to European Union standards as they prepare for potential trade agreements. The U.S. remains a significant market for Indian textiles, accounting for nearly 29% of total exports, but companies are cautious as continued tariffs could lead to workforce reductions and shifts in production locations.
Source: YAHOO