Trump Tariffs: Textile Ministry to meet top industry players next week, say sources

NEW DELHI:  Union Textiles Minister Giriraj Singh will meet industry stakeholders next week to deliberate upon the potential impact of US President Donald Trump’s announcement to impose a 25 per cent tariff on India and seek their views on the issue, according to sources.

The US is India’s largest market for textile and apparel exports, accounting for about 25 per cent of the country’s total outbound shipment from the sector.

Discussions in the meeting will also revolve around realising opportunities arising for India’s textile sector from the UK-India FTA, which was signed last month, as the government and industry want to leave no stone unturned to achieve the textile export target of USD 100 billion by 2030, and mitigate the potential impact of the US tariff announcement, sources told PTI.