Tamil Nadu faces ₹60 crore daily loss from US tariffs
pre-market1 source ↓written by the desknot a recommendation
- imposed
- 50% tariffs
- in lost orders
- ₹15,000 crore
- across many units
- 30% production cuts
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. This disruption has severely impacted the textile sector, particularly in Tiruppur, leading to ₹15,000 crore in lost orders and 30% production cuts across many units.
The ongoing trade challenges pose significant economic and humanitarian risks, urging immediate government intervention to mitigate further losses.
Not investment advice. For informational purposes only.