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Chennai, Aug 28 (PTI) Tamil Nadu Chief Minister M K Stalin on Thursday said the US tariff hike to 50 per cent on Indian imports has severely affected the state’s exports, impacting about Rs 3,000 crore to Tiruppur's textile sector, besides putting thousands of jobs at risk.
He urged the Central government to introduce structural reforms to safeguard the domestic industries and workers.
"The #USTariff hike to 50 % has hit Tamil Nadu’s exports hard, especially #Tiruppur’s textile hub, causing a trade impact of nearly Rs.3,000 crore and putting thousands of jobs at risk," the CM said in a post on ‘X’.
He further said that he reiterated his demand to the union government for immediate relief and structural reforms to safeguard the industries and workers. PTI JSP KH
US tariff hike threatens Tamil Nadu textile exports and jobs; urges central government to enact structural reforms. A significant US tariff hike on Indian imports has disrupted Tamil Nadu exports, severely affecting the Tiruppur textile cluster by reducing market access, generating trade losses and threatening employment; the Chief Minister has called on the central government for immediate relief measures and structural economic reforms to restore competitiveness and protect industry and workers.Press 'Enter' after typing page number.