Mining
After tariff shock, India's apparel and jewellery industries fear for US orders
Industry executives say that India's apparel exporters and jewellers are preparing for a decline in orders and the potential of job cuts after U.S. president Donald Trump announced on Friday a 25% tariff against Indian imports. They said that several garment exporters who had hoped to reach a bilateral deal with the United States and were prepared for an increase in orders from U.S. retail outlets such as Walmart and Costco have now stopped their expansion plans while they wait for the result of negotiations. Welspun Living and Gokaldas Exports are among the key garment exporters that make up to...