India’s garment and jewellery sectors fear for US orders after tariff shock
NEW DELHI/MUMBAI, July 31 (Reuters) – India’s apparel and jewellery exporters are bracing for a drop in orders from their biggest market and could cut jobs after U.S. President Donald Trump announced a 25% tariff on Indian imports starting on Friday, industry executives said. Several garment exporters, who had hoped for a bilateral trade deal and were preparing for a rise in orders from U.S. retailers such as Walmart and Costco, have now halted expansion plans as they await the outcome of negotiations, they said. Key garment exporters including Welspun Living, Gokaldas Exports, Indo Count and Trident, make 40%-70% of