Dhaka, April 4 -- The US government's decision to impose tariffs on all imports is set to benefit India's textile industry, as competitors like Vietnam, Bangladesh, and China face relatively higher tariff rates.
Experts in India suggest that the country's textile exports could gain a competitive advantage in the US market.
According to US trade data for 2024, China accounted for 30% of US textile imports, valued at $36 billion, followed by Vietnam at $15.5 billion (13%) and India at $9.7 billion (8%).
Bangladesh's share dropped to 6% due to political instability. The total textile imports to the US in 2024 stood at $107.72 billion, with clothing imports rising by 2% to $79 billion.
Industry leaders suggest that India could further stren...