US’ move to impose an additional 25 per cent tariff, raising duties on Indian goods to 50 per cent from August 27, will severely hit MSMEs in textiles, according to Crisil.
Readymade garments face the steepest impact, with tariffs at 61 per cent versus 31 per cent for Bangladesh and Vietnam, threatening Tiruppur exports.
It noted India-UK and potential EU trade deals could partly offset losses.
Readymade garments face the steepest impact, with tariffs at 61 per cent versus 31 per cent for Bangladesh and Vietnam, threatening Tiruppur exports.
It noted India-UK and potential EU trade deals could partly offset losses.
