U.S. Tariffs and Iran Conflict Threaten India's Textile Export Goals
The U.S. imposition of a 50% tariff on Indian goods last year, followed by a brief reduction, has severely impacted India's textile industry. The situation worsened with the onset of the U.S.-Iran conflict, which has disrupted supply chains and increased costs for raw materials and packaging. The conflict, which began with U.S. and Israeli strikes on Iran, has led to increased energy and freight costs, further straining the industry. India's textile sector, a major employer, is struggling with reduced demand and rising costs, threatening its goal of reaching $100 billion in annual exports by 2030. 
