Indian Textile Firms Shift Focus to Europe, Slash Prices to Counter U.S. Tariffs
Indian textile exporters are turning toward the European market and offering steep discounts to U.S. buyers to offset newly imposed tariffs of up to 50%, industry executives say. The tariff increase was introduced by President Trump in August, targeting a wide range of Indian exports, including garments, jewelry, and shrimp. To reduce dependence on the…