MSMEs in textiles, diamonds and chemicals to be most hit by US tariffs: CRISIL Intelligence https://www.taxtmi.com/news?id=52988 Imposition of additional US ad valorem tariffs will reduce export competitiveness and disproportionately impact India's MSMEs, with textiles, gems and jewellery (diamonds), and chemicals most affected. Textiles and ready-made garments face potential market share loss to lower tariff competitors, diamond clusters reliant on US demand will feel contraction, and chemical exporters will be disadvantaged versus suppliers from lower tariff jurisdictions; MSME-dominated steel re-rolling and long-products units are expected to see negligible impact. en-us Wed, 20 Aug 2025 12:16:03 +0530 Wed, 20 Aug 2025 12:16:03 +0530 TaxTMI RSS Generator MSMEs in textiles, diamonds and chemicals to be most hit by US tariffs: CRISIL Intelligence https://www.taxtmi.com/news?id=52988 Imposition of additional US ad valorem tariffs will reduce export competitiveness and disproportionately impact India's MSMEs, with textiles, gems and jewellery (diamonds), and chemicals most affected. Textiles and ready-made garments face potential market share loss to lower tariff competitors, diamond clusters reliant on US demand will feel contraction, and chemical exporters will be disadvantaged versus suppliers from lower tariff jurisdictions; MSME-dominated steel re-rolling and long-products units are expected to see negligible impact. News - Wed, 20 Aug 2025 12:16:03 +0530 https://www.taxtmi.com/news?id=52988