US tariff hit: Indian home textile exports set for 5-10% fall – report
Indian home textile exporters are bracing for a 5-10% revenue decline this year due to a steep 50% US tariff imposed in late August. While frontloading of orders and limited competition may cushion the blow, profitability is expected to drop. Companies are looking to diversify into the EU and UK markets to mitigate the impact, though immediate relief is unlikely.🕒 1 min read
Indian home textile exporters are bracing for a 5-10% revenue decline this year due to a steep 50% US tariff imposed in late August. While frontloading of orders and limited competition may cushion the blow, profitability is expected to drop. Companies are looking to diversify into the EU and UK markets to mitigate the impact, though immediate relief is unlikely.
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