Trump Tariff Shocker: Amazon, Walmart Freeze Indian Orders, US Packaging Firms Brace for Cost Shock
India’s garment and textile industry faces a deep crisis. Following Trump’s drastic move to raise US tariffs on Indian exports to 50%, giants like Walmart, Amazon, Target, Gap, and H&M have halted orders, leaving exporters scrambling. Key exporters such as Welspun Living, Indo Count, Gokaldas, and Trident, who derive 40-70% of revenues from the US, are staring at a sharp 40-50% drop in shipments, potentially costing $4-5 billion. MSMEs, particularly in textile hubs like Tiruppur and Surat, are on the brink, with fears of massive layoffs and production losses. With cheaper alternatives from Bangladesh and Vietnam already poised to fill the gap, the industry urges the government for urgent fiscal and strategic support to safeguard this lifeline sector.#amazon #walmart #target #gap #h&m #trumptariffs #indiaapparelcrisis #50percenttariff #textilesunderfire #uspausesorders #indiasexports #modiresilience #msmeschallenge #tarifffailure #appareldrama #globaltrade #breakingnews #trending #trendingnow #toi #bharat #toibharat #indianews
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