Apparel exporters hanging by a thread amid new tariff threats

Mumbai: Just as Indian apparel factories began production for the next US fall-winter season, a looming threat of a 500% tariff risks derailing capacity utilisation."Buyers who were earlier considering shifting some orders to India no longer want to come. They have started writing to us, asking what happens if this 500% tariff is imposed, who will take the guarantee," said Vijay Agarwal, chairman of the Cotton Textiles Export Promotion Council.

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