‘It’s a threat to India’s export competitiveness‘

Vipin Vohra, Chairman, Continental Carriers said, “The US decision to raise tariffs on Indian goods to 50 per cent poses a severe threat to India’s export competitiveness, especially in textiles, apparel, gems, jewellery and chemicals—sectors that contribute significantly to employment. Countries like Bangladesh, Vietnam and China will now enjoy a duty advantage, making Indian products less attractive in the US market. With nearly $8 billion in exports exposed, the impact could be deep, triggering job losses, especially among MSMEs and labor-intensive industries. Immediate government support, export diversification, and strategic dialogue with the US are critical to cushion the blow and protect India’s trade and employment base.”