 "The negative effect of tariffs, American firms blocked orders, the most affected by the sector")
New Delhi: Many sectors have been affected by US President Donald Trump Tarrif, but the textile sector is the most affected. In Tamil Nadu, after the US validates cancels its production, the factories have stopped its production. Many orders from Indian businessmen have either been canceled or shifted in other countries.
Textile factories have become dusting in Tarupur of Tarupur. Here, textile exporters say after the US President, after the US President, many orders have been blocked or canceled. Many orders of Indian exitants have shifted Bangladesh, Pakistan, Vietnam and Colombia. In these countries, Tariff is between 1960 percent, which is rare than India.
Caused order
A expectivision of Tirupur said all the ships to the United States from India have now been found Pakistan. Many American buyers have been stopped. Some exporters say that American buyers have agreed to end up to 25 percent of Tariff, but if it is doubled it will not be possible. They complain that after tariffs, some product prices will grow up to 64 per cent, which will be more than 35 per cent than our competitors.
What’s its strategy
Industry Representatives said that the decision of the US buyers were also stopped. After the United States on behalf of the US, after planting a duty on India, wait the United States and watch the textile exporter and see in the status of the watch. This means that they are not immediately picked up a big step, but first want to see how the situation changes in the future, so that decision can be taken accordingly. After signing a free trade agreement between India and Britain, business traders of Tarupur have great hopes from British markets.
Tirupur country is the textile hub
Industry Representatives contribute to the US market in the total textile exports, which is almost 30 per cent of total annual exports of Rs 45,000 crore from the area. President K.M of Tirupur Exporters Association (TEA) Superimnian said that from the exports of exports of exports of Rs 12,000 crore would be affected by 50 per cent of the 50 per cent of Rs 6,000 crore. Some are still considering other options to deal with the situation. At this time, they (the exporter to the United States) has closed production.