India-US Tariff War: The textile industry is in a state of panic due to the tariff, many factories are closed!

India-US Tariff War: The crisis is deepening in the country's major textile industry centers Noida, Surat and Tirupur. The textile industry has come under heavy pressure after US President Donald Trump imposed an additional 25 percent tariff on Indian goods. Now the total tariff has gone up to 50 percent, due to which Indian clothes have become expensive in the international market. This has weakened India's position in global competition, and many factories are on the verge of complete closure.

Indian textile sector lagging behind

The Federation of Indian Export Organizations (FIEO) has warned that many industries like textiles, leather, ceramics, chemicals, handicrafts and carpets are in crisis due to US tariff hike. According to FIEO President S.C. Ralhan, many textile and apparel manufacturers in Noida, Surat and Tirupur have stopped production due to rising costs. He said that India's competitive ability is weakening compared to low-cost countries like Vietnam and Bangladesh. Due to this, India's export sector is lagging behind, which is affecting millions of jobs.

Seafood exports also affected

The impact of tariff hike is not limited to the textile industry. Marine products, especially shrimp exports, have also been deeply affected. The US market accounts for about 40 per cent of India's seafood exports. According to FIEO, tariffs are leading to storage shortages, supply chain disruptions and increasing difficulties for farmers. This is affecting not only exporters, but also farmers and small businesses. FIEO has demanded the government to take immediate steps to deal with this crisis.

Appeal to the government for financial relief

FIEO has demanded the government to provide export credit support and loans at low interest rates to exporters, so that Micro, Small and Medium Enterprises (MSMEs) can get relief. Confederation of Indian Textile Industry (CITI) Chairman Rakesh Mehra has also appealed to the government for assistance. He said that this crisis is not limited to exporters only, but it is also a threat to the employment of millions of people and India's export target of $ 100 billion by 2030. CITI has demanded a moratorium on the principal amount and interest payment of the loan for one year, so that the industries can get time to stabilize.

Hope for solution in India-US talks

FIEO President S.C. Ralhan stressed that India should resolve this problem by holding immediate talks with the US government. This step is necessary to save the exporters and accelerate India's economic growth. In the absence of policy decisions and financial support, the situation of textile and other export industries may worsen further.

To overcome this crisis, the government and industries will have to take quick and effective steps together, so that the Indian export sector can regain its global competitiveness.