Karur textile exporters face the risk of dip in production and job loss due to Trump tariffs

Karur textile exporters face the risk of dip in production and job loss due to Trump tariffs

Karur Textile Manufacturers Association seeks immediate intervention by the Union and State governments to help the exporters facing serious financial crisis brought about additional U.S. tariffs

US tariffs on SL could cost SL $ 634 m export loss, nearly 16,000 job cuts

Economic think tank Institute of Policy (IPS) yesterday warned that the 20% reciprocal tariff unilaterally imposed by the Trump administration could lead to export losses of $ 634 million and put nearly 16,000 jobs at risk, mostly female workers in the apparel industry. ..