CITI Flags Section 301 Tariff Risk for Indian Textile Exports to US
The Confederation of Indian Textile Industry says a proposed 10% US tariff on Indian goods under a Section 301 investigation could pressure textile exports, amid scrutiny linked to US forced-labour import enforcement.
CITI warned that a proposed 10% US tariff on Indian goods under a Section 301 investigation could hurt Indian textile exports, citing concerns tied to US forced-labour import enforcement rules.
Why this matters
CITI's tariff warning follows India apparel exports sliding 12.44% in Q1 FY27, while textile shipments cushioned the combined 2.95% dip.
Retail-company signals are accelerating, up 1,090,800% QoQ.