https://www.taxtmi.com/news?id=65092 A 50% US tariff on Indian exports has caused severe disruption in Tamil Nadu's textile, apparel and leather sectors, reportedly wiping out Rs 15,000 crore in confirmed orders in Tiruppur, forcing production cuts up to 30%, causing daily revenue losses of about Rs 60 crore, and precipitating layoffs and wage deferrals; the chief minister urges the prime minister to prioritise a bilateral resolution to restore competitiveness and preserve employment. en-us Thu, 18 Dec 2025 10:01:02 +0530 Thu, 18 Dec 2025 10:01:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=65092 A 50% US tariff on Indian exports has caused severe disruption in Tamil Nadu's textile, apparel and leather sectors, reportedly wiping out Rs 15,000 crore in confirmed orders in Tiruppur, forcing production cuts up to 30%, causing daily revenue losses of about Rs 60 crore, and precipitating layoffs and wage deferrals; the chief minister urges the prime minister to prioritise a bilateral resolution to restore competitiveness and preserve employment. News - Thu, 18 Dec 2025 10:01:02 +0530 https://www.taxtmi.com/news?id=65092