President Trump's Tariffs and Iran Conflict Impact India's Textile Industry
The U.S. textile industry is facing significant challenges due to President Trump's imposition of a 50% tariff on Indian goods and the ongoing conflict with Iran. These tariffs, initially introduced in August of the previous year, have made Indian exports less competitive. Although there was a temporary reduction in tariffs in February, the subsequent escalation of conflict with Iran has further complicated matters. The war, which began on February 28 following U.S. and Israeli strikes on Iran, has disrupted supply chains, particularly through the Strait of Hormuz, leading to increased energy and freight costs. This has severely impacted India's textile industry, which is the country's second-largest employer, supporting over 45 million jobs. The increased costs of raw materials and packaging, coupled with reduced demand, have forced companies to offer discounts or face losing orders. 
