This deal will also ensure that factories can run at full steam once more and job creation can get back to previous levels,” said CITI chairman, Ashwin Chandran.
Chennai:US-focused labour-intensive industries have hailed the announcement of the US-India trade deal. However, despite the 50 per cent tariffs, Indian exports to the US had managed to remain flat since September.
“The Confederation of Indian Textile Industry (CITI) heartily welcomes the announcement of the trade deal between the US and India and the reduction in the US tariff on Indian goods to 18%. CITI would like to express its sincere gratitude to both the US President, Mr Donald Trump and Indian Prime Minister Narendra Modi, for this trade deal. This reduction in tariff will ensure our textile and apparel exporters are once again in a position to compete effectively in the US market, the single-largest market for India's textile and apparel exports. This deal will also ensure that factories can run at full steam once more and job creation can get back to previous levels,” said CITI chairman, Ashwin Chandran.
Gems and jewellery sector, another major US-focused industry, too have been waiting for the deal to come through. “The news of reciprocal tariffs being slashed to 18% comes as a great relief to the Indian gems & jewellery sector and is well revered. The USA has been a prominent consumer market of Indian Gems & Jewellery and the sentiment had taken a hit due to the tariff implications. This partial relaxation will reinstate confidence in Indian jewellery manufacturers and exporters as well the buyers in the American market,” said Colin Shan, former chairman of GJEPC.
However, the cumulative exports to the US for the period of September to December 2025 have managed to remain flat despite the tariffs. India's cumulative exports to the US were approximately $25.57 billion, with a slight decrease of 0.9 per cent from the same period in 2024,
