Crisis Looms in Tamil Nadu Export Sector Amid US Tariff Woes

Chief Minister M K Stalin appeals to Prime Minister Narendra Modi to urgently resolve the crippling US tariff issue impacting Tamil Nadu's export sector. The 50% tariff led to a significant order loss and revenue drop in key districts, threatening jobs and competitiveness, especially in textile and footwear industries.

Tamil Nadu's export sectors are facing severe challenges due to the 50% US tariff on Indian exports. Chief Minister M K Stalin has called on Prime Minister Narendra Modi to urgently negotiate a bilateral agreement to resolve the issue.

In Tiruppur, India's knitwear capital, the tariff has caused a massive Rs 15,000 crore loss in confirmed orders, forcing production cuts of up to 30%. The situation poses a humanitarian challenge, with small and medium enterprises facing potential collapse, Stalin emphasized.

The tariffs not only squeeze profit margins but also lead international buyers to divert orders to competitors like Vietnam. This shift threatens employment prospects in Tamil Nadu's textile and footwear industries, which are vital to the local economy, employing millions of workers. Stalin has urged swift action to restore stability and maintain India's standing as a global manufacturing hub.

(With inputs from agencies.)