Textile stocks tumble: Here is how the US-Bangladesh trade deal impacts the Indian textile companies
Indian textile companies are now facing renewed headwind from the export segment after the US-Bangladesh trade deal. The US reduced the tariffs on Bangladesh textile exports to zero if they are made with US cotton. The move is expected to impact India's cotton exports to Bangladesh and further make the overall textile garments less competitive in the US.
Indian textile companies are now facing renewed headwind from the export segment after the US-Bangladesh trade deal. The US reduced the tariffs on Bangladesh textile exports to zero if they are made with US cotton. The move is expected to impact India's cotton exports to Bangladesh and further make the overall textile garments less competitive in the US.
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