After the tariff announcement on Wednesday by American President Donald Trump, the textile industry in India called the 25 per cent rate a setback to its export ambitions, while expressing hope for a solution to the issue soon. However, India will still have an advantage of 10
#MarketsWithBS I Textile stocks slip up to 9% on US tariff; should you buy, hold or sell? Details below. #Tariffs #IndiaUSTrade #tarriffwar https://t.co/jRxSnkDCoY
#MarketsWithBS I These 5 textile, jewellery stocks may crack up to 27% after Trump's 25% tariff on India. Read the story below to know more. #Tariffs #IndiaUSTrade #tarriffwar https://t.co/W8l9vFx1fM
The US administration under President Donald Trump has imposed a 35% tariff on textile imports from Bangladesh, prompting a notable rally in Indian textile stocks. Companies such as Gokaldas Exports, KPR Mill, Vardhman, Welspun, Trident, and Arvind Ltd. saw their share prices increase by up to 8%, with Gokaldas Exports rising over 5% initially and later reports noting gains around 2-4%. Trump indicated that the 35% tariff is still "far less than what is needed" to address trade imbalances. In contrast, Indian textile stocks experienced a decline of up to 9% following the announcement of a separate 25% tariff imposed by the US on Indian textile exports. The Indian textile industry described the 25% tariff as a setback to its export ambitions but remained hopeful for a resolution. Despite this, India is expected to retain a 10% advantage in the trade dynamics. The tariff measures reflect ongoing trade tensions and adjustments in US trade policy affecting South Asian textile exporters.