Tamil Nadu faces ₹60 crore daily loss from US tariffs
after close1 source ↓written by the desknot a recommendation
- imposed
- 50% tariffs
- in confirmed orders
- ₹15,000 crore
- 30%
Tamil Nadu Chief Minister M.K. Stalin reported a daily revenue loss of ₹60 crore for exporters due to 50% tariffs imposed by the US on Indian goods. The textile sector, particularly in Tiruppur, is severely affected, with ₹15,000 crore in confirmed orders lost and production cuts of up to 30%. This disruption poses both economic and humanitarian challenges.
Not investment advice. For informational purposes only.