US Tariff Draws Mixed Response; CITI Raises Alarm, FIEO Sees Limited Impact
New Delhi, July 25 -- The Confederation of Indian Textile Industry (CITI) has expressed concern over the United States' decision to impose an additional 10 percent tariff on Indian goods under Section 301 investigations.
It is related to the enforcement of prohibitions on imports produced using forced labour, warning of its potential impact on India's textile and apparel exports.
CITI Chairman Ashwin Chandran said the tariff, which has no specified expiry date, poses reputational risks and could adversely affect India's textile and apparel exports to the US, the country's largest overseas market for the sector, with annual exports of around USD 11 billion.
Concerns Over Tariff-Rate Quotas For Competing Countries He also highlighted con...
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