After the announcement of Donald Trump, the US has implemented 25 percent extra tariff on India, after which India has made a dhanw plan to break this tariff. Actually, Trump’s tariff is going to affect India’s textile industry. India has prepared its plan to deal with it.

The government has planned to contact 40 countries to save the textile industry and promote clothes exports. A government official gave this information on Wednesday (August 27, 2025). The initiative includes major countries such as Britain, Japan, South Korea, Germany, France, Italy, Spain, Netherlands, Poland, Canada, Mexico, Russia, Belgium, Turks, United Arab Emirates (UAE) and Australia.

America’s tariff will not affect

The official said, ‘India will work towards becoming a reliable, quality, durable and innovative textile products in these 40 markets. Indian Mission and Export Promotion Councils (EPCs) will play an important role in this. Although India already exports clothes to more than 220 countries, these 40 countries together import global clothes and apparel of about $ 590 billion. India’s share in this import is currently five-six percent.

The official said that this initiative of special contact with these countries in such scenario is going to be an important step towards market diversification. The additional 25 percent fee imposed on Indian products by the US has come into effect from August 27.

Expectation of adverse effects on exports of these areas

Trump’s tariff is expected to affect the export of areas such as textiles, gems and jewelery, leather, fish, chemicals and machinery. Export damage to the US alone can be $ 10.3 billion.

Mithileshwar Thakur, General Secretary of the Apparel Export Promotion Council (AEPC), said, ‘The 25 percent fee rate had already been accepted by the industry, but now India’s competitiveness has declined by 30-31 percent compared to countries like Bangladesh, Vietnam, Sri Lanka, Cambodia and Indonesia due to additional 25 percent fee. With this, the Indian textile industry is almost out of the American market.

Demand for immediate financial relief from government

He demanded immediate financial relief from the government, so that the industry could overcome the crisis. He also said that the textile industry is now exploring the possibilities of compensation for losses through trade agreements with Britain and EFTA countries. Under the government’s scheme, EPC will identify estimation of export markets and products with high demand.

Apart from this, he said that clothing product clusters like Surat, Tirupur, Bhadohi will be linked to international occasions. Also, under the ‘Brand India’ campaign, participation in international exhibitions and business fairs will also be ensured. Free trade agreements and trade agreements can help make Indian products competitive. In such a situation, this strategic effort for India can become an opportunity to strengthen its position in the global textile export market.

Also read:- ‘He should stop calling them Guru’, Baba Ramdev raging on the narrator Anirudhacharya who describes girls as prostitutes

Textile Company Shares Today: US President Donald Trump has announced 25 percent tariffs in Indian goods imported from August 1. Apart from this, he has also indicated a fine on India to continue energy trade and defense cooperation with Russia.

The decline in shares of these companies declined

Following this announcement of Trump, during the Indian stock market trading on Thursday, the shares of the country’s textile companies on the BSE saw a decline of up to 9 %. Gokaldas Exports, Phase Three, Pearl Global Industries, Welspun Living, KPR Mill, Arvind, Vardhman Textiles, Indo Count Industries, Kitex Garments and Sangam India shares recorded a decline of 3 percent to 8 percent on BSE during trading in shares of Sangam Garments and Sangam India. With this, the BSE Sensex was at 81,003.33 at 9:28 am to 81,003.33.

Now India will face these countries

America is the largest market in India in the case of apparel exports. During January-May 2025, India exported $ 4.59 billion to the US in this category. This reflects a gain of 13 percent against the business of $ 4.05 billion last year. In the US, in the case of Apparel or Garments Export, India directly compete with countries like Bangladesh, China and Vietnam.

In such a situation, the tariff of 25 percent imposed on India is less than the tariff of 35 percent imposed on Bangladesh. America has imposed 20 percent tariffs on Vietnam. Apart from this, 40 percent tariff has been imposed on the transpiration of goods from Vietnam, which is due to the trade done by China via Vietnam. At the same time, a tariff of 55 percent is currently in force on China. China is in talks with the US regarding the trade deal, whose deadline can be extended till August 12.

Companies will fall in profit

According to a Business Standard report, ICICI Securities believes that business will decline due to tariffs at the rate of 25 percent on the weight of America. The tariff will affect the profits of the suppliers, which will also reduce the profit of garment companies. This can also affect the shares of textile companies. Meanwhile, textiles companies are focusing more in countries such as Britain, European Union, Middle East.

Also read:

Not tariff, penalty can bring an upheaval in the Indian market, know what business of Trump’s policy is affected

India-as Mini Trade Deal: The negotiations on the limited trade agreement between India and the United States are in the final stages. American tariff deadline is happening on Wednesday (July 9, 2025). For other countries, this deadline has been extended till August 1, but India has not been included in it, which is estimated that the official announcement of the deal between the two countries can be made anytime tonight.

The conversation was going on for a long time
According to a senior official, talks were going on between India and the US for several weeks. However, this deal will be limited as many areas could not be agreed. India was firm on its demands and was willing to face the tariff, but the US took the initiative to negotiate.

Suspense over tariff
It is not yet clear how much tariff America will impose on India, but according to reports it can be between 10 and 20 percent. Donald Trump warned of 10% additional tariff on BRICS countries. 26% of the recipe rockel tariff has already been implemented on India.

India does not have a trade deficit from America
In the financial year 2022-23, India exported ₹ 6.84 lakh crore to the US while in 2023-24 it was ₹ 6.75 lakh crore. At the same time, India’s imports from America decreased from ₹ 4.43 lakh crore to ₹ 3.67 lakh crore in 2023-24. India exports double to America, which will benefit it despite the tariff.

China-Bangladesh loss, India will get benefit
After the Geneva Agreement, the tariff war between the US and China has intensified. The US has imposed 51% tariff on China and 35% on Bangladesh. This will affect the export capacity of these countries and India will get competitive benefits in the US market, especially in textile.

Who will benefit from this deal?
To India:

• Textile, medicines, and jewelery access to the US market
• Export will be cheaper by removing 26% reciperook tariff
• Bilateral trade can reach $ 500 billion by 2030

To America:

• Products like Pekan Nuts, Blueberry and Automobiles are a chance to sell on low tariffs in India
• An opportunity to strengthen market in Asia
• The possibilities of broad deal in future will be stronger