The first 25% tariff comes into effect from tonight Eastern Time, while the increased 25% will come into effect 21 days from signing of the executive order.
Textile stocks, most of whom derive a significant part of their topline from the US export market, have been witnessed selling from investors over the last one week as Donald Trump first imposed a 25% tariff on India. Here's a look at how these stocks have fared:
| Stock | Losing Streak | Decline |
| Gokaldas Exports | Five Out Of Last Six Sessions | -21% |
| KPR Mill | Four Out Of Last Five Sessions | -12% |
| Welspun Living | Five Out Of Last Six Sessions | -15% |
| Pearl Global | Four Out Of Last Five Sessions | -19% |
| Indo Count Industries | Six Out Of Last Seven Sessions | -17% |
Gokaldas Exports derives nearly 70% of its overall topline from the US market, as does Indo Count Industries, while Welspun Living and Pearl Global get 65% and 50% of their respective revenue from the US.
The increased tariff means a wider gulf between India and other competing nations within the textile market such as Bangladesh, Vietnam and even Pakistan. Bangladesh's tariff rate was recently brought down to 20% from 35% earlier, while Pakistan, which recently announced a deal with the US, will pay 19% tariff from 29% earlier. Vietnam too,
