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Trump tariffs updates: Businessmen express disappointment as U.S. 50% tariff on Indian goods takes effect – Cash My Currency- Financial Updates | Business Blog Post | Financial Guest Posting Services

Trump tariffs updates: Businessmen express disappointment as U.S. 50% tariff on Indian goods takes effect

Trump tariffs updates: Businessmen express disappointment as U.S. 50% tariff on Indian goods takes effect

India is planning dedicated outreach programmes in 40 countries, including the UK, Japan, and South Korea, to push textiles exports amid a 50% tariff imposed by the U.S. on Indian products, an official said on Wednesday.

Other nations include Germany, France, Italy, Spain, the Netherlands, Poland, Canada, Mexico, Russia, Belgium, Turkiye, the United Arab Emirates, and Australia.

“In each of these 40 markets, this is proposed to pursue a targeted approach, positioning itself as a reliable supplier of quality, sustainable, and innovative textile products with the lead role of the Indian industry, including EPCs and Indian Missions in these countries,” the official said.

India already exports to over 220 countries, but the 40 importing countries hold the real key to diversification.

Together, these 40 countries represent more than $590 billion in textile and apparel imports, offering vast opportunities for India to enhance its market share, which currently stands at only around 5-6%, the official said.

-PTI

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