TN warns of $3.9 billion export loss from US tariffs, seeks Centre‘s urgent action

TN may face US $ 3.93 billion export loss from US tariff, CM urges swift Centre action

Tamil Nadu could suffer an export loss of Rs. 34,642 crore (US $ 3.93 billion) in 2025–26 following the 50% tariff imposed by the United States across sectors, according to estimates by Guidance Tamil Nadu, the state’s apex investment promotion body. Of this, the textile sector alone could account for Rs. 14,280 crore (US $ […] The post TN may face US $ 3.93 billion export loss from US tariff, CM urges swift Centre action appeared first on Appar…

TN warns of $3.9 billion export loss from US tariffs, seeks Centre‘s urgent action

Chennai, Sep 1 (SocialNews.XYZ) Tamil Nadu has raised fresh concerns over the steep 50 per cent tariff imposed by the US on imports, warning that the state could lose as much as $3.93 billion (Rs 34,642 crore) in 2025-26. Guidance Tamil Nadu, the state’s investment promotion agency, has estimated that the textile sector alone may face losses worth $1.62 billion (Rs 14,280 crore), making it the worst-hit industry. In a statement released by the C…