Key Takeaways
- The US tariff hike has caused a trade impact of Rs 3,000 crore on Tamil Nadu’s Textile exports.
- Chief Minister M K Stalin is demanding immediate relief and structural reforms to safeguard the industries and workers.
- The trade impact has put thousands of jobs at risk in Tamil Nadu’s Textile hub of Tiruppur.
Chennai: The US tariff hike has hit Tamil Nadu’s exports hard, causing a trade impact of Rs 3,000 crore in the Textile hub of Tiruppur. Chief Minister M K Stalin is urging the union Government to provide immediate relief and structural reforms to safeguard the industries and workers.
In a social media post, tagging a news story published in a vernacular daily in this regard, Mr Stalin said the US tariff hike has put thousands of jobs at risk.
“The US Tariff hike to 50% has hit Tamil Nadu’s exports hard, especially Tiruppur’s textile hub, causing a trade impact of nearly Rs.3,000 crore and putting thousands of jobs at risk”, he said.
“I reiterate my demands to the union Government for immediate relief and structural reforms to safeguard our industries and workers”, he added.
