US EditionTrump Tariffs LIVE Updates: US Tariff Has Hit TN Exports Hard, Says CM Stalin
CM Stalin demands urgent government relief and reforms to protect Tamil Nadu's textile sector after US tariffs cause nearly Rs.3,000 crore losses and threaten thousands of jobs.
- On August 16, the head of Tamil Nadu's government highlighted that the US's increase of tariffs to 50% has severely affected the state's exports, particularly impacting the textile industry in Tiruppur.
- The US raised tariffs from 25% to 50% effective August 27, as a penalty for India's continued purchases of Russian oil amid the Ukraine conflict.
- Tamil Nadu's export cluster, which provided jobs to one million people including 65% women and exported goods worth ₹45,000 crore last year, faces a trade loss near ₹3,000 crore.
- Stalin called on Prime Minister Modi to promptly implement support measures and comprehensive changes aimed at protecting both industries and the workforce.
- The tariff increase threatens thousands of jobs and may cause a prolonged trade crisis, with the central government extending cotton import duty exemption to support exporters.
12 Articles
12 Articles
Trump Tariffs LIVE Updates: US tariff has hit TN exports hard, says CM Stalin
Trump India Tariffs Impact LIVE News Updates: The 50% US tariff, which is one of the highest levies on any country in the world, has been charged over America’s accusations that India’s crude oil purchase from Russia is financing Moscow to attack Ukraine in the war.
Stalin says US tariff hike hits TN Textile exports hard, suffers Rs 3,000 cr loss - Goa Chronicle
Chennai: Pointing out that the 50 per cent tariff hike imposed by the US on Indian imports has hit the Tamil Nadu’s exports hard, causing a trade impact of Rs 3,000 crore in the Textile hub of Tiruppur, Chief Minister M K Stalin today urged the union Government to provide immediate relief and structural reforms to safeguard the industries and workers. In a social media post, tagging a news story published in a vernacular daily in this regard, Mr…
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