‘Already cut supply, laid off workers’: Indian exporters risk losing US orders as trade talks dither
💨 Abstract
Indian exporters of home decor, leather shoes, and other goods are concerned about missing the U.S. summer shopping season due to delayed trade deal talks between India and the U.S. The 50% U.S. tariffs imposed since August have already reduced order volumes for the winter and Christmas seasons. Exporters are facing financial strain and job cuts. The uncertainty has led to diversifying markets and seeking new clients. Some are considering shifting production to countries with lower tariffs.
Courtesy: Satviki Sanjay
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