What is the new US tariff rate for Indian textiles?

The new US tariff rate for Indian textiles is set at 18% following a recent trade deal.

How does the new Indian textile tariff compare to competitors?

The 18% tariff for Indian textiles is lower than the 20% tariffs imposed on Vietnam and Bangladesh.

Which Indian textile stocks were impacted by previous tariffs?

Indian textile stocks such as Gokaldas Exports, Welspun Living, and Indo Count Industries were impacted by previous tariffs.

Home / Business and Economy / India-US Deal: Lower Tariffs Boost Textile Exports

India-US Deal: Lower Tariffs Boost Textile Exports

3 Feb

•

Summary

New US trade deal sets Indian textile tariffs at 18%.
This rate is lower than competitors Vietnam and Bangladesh.
Textile stocks were impacted by previous higher tariffs.

India-US Deal: Lower Tariffs Boost Textile Exports

Indian textile stocks, including Gokaldas Exports, Welspun Living, KPR Mill, and Indo Count Industries, are expected to be in sharp focus on Tuesday, February 3. This attention follows the announcement of a new trade agreement between India and the United States, revealed late Monday night by President Trump and Prime Minister Modi via social media. The core of the deal involves a reduction in US tariffs on Indian textile exports to 18%.

This new tariff rate positions India favorably compared to other major garment exporting nations like Vietnam and Bangladesh, both of which are subject to a 20% tariff. Previously, the threat of higher tariffs had significantly impacted these Indian textile companies, many of which derive a substantial portion, between 50% to 70%, of their revenue from the US market. Analysts note that India's previous 6% market share in US readymade garment imports could see an increase with this more favorable tariff structure.