Tirupur exporters hit by US tariffs: Apparel hub stops getting fresh orders; customers renegotiating old ones
Tirupur's knitted apparel exporters are bracing for a significant drop in orders and profit margins due to the US government's new 25% tariffs, effective Wednesday. Anticipating the impact, US buyers are pausing fresh orders, forcing exporters to renegotiate existing deals. With already thin margins, absorbing the additional cost is proving difficult.
Tirupur's knitted apparel exporters are bracing for a significant drop in orders and profit margins due to the US government's new 25% tariffs, effective Wednesday. Anticipating the impact, US buyers are pausing fresh orders, forcing exporters to renegotiate existing deals. With already thin margins, absorbing the additional cost is proving difficult. What's Your Reaction?
