Indian garment producer in wait-and-see mode, suggest US tariffs 'could be advantage'

Record ID: 1987957

  • Title: Indian garment producer in wait-and-see mode, suggest US tariffs 'could be advantage'
  • Date: 3rd April 2025
  • Summary: FARIDABAD, INDIA (APRIL 3, 2025) (REUTERS) VARIOUS OF WORKERS IN GARMENT FACTORY WORKER'S HANDS SEWING FABRIC WITH MACHINE WORKER'S HANDS HANDLING FABRIC (SOUNDBITE) (English) FOUNDER AND CHAIRMAN OF PEE-EMPRO EXPORTS, TONY UPPAL, SAYING: "It could be positive because tariffs are not only in India, it is to all the countries, and so buyers will have to make up their mind.
  • Embargoed:
  • Keywords: Donald Trump India USA president tariffs
  • Location: FARIDABAD, INDIA
  • City: FARIDABAD, INDIA
  • Country: India
  • Topics: Asia / Pacific,Budget/Taxation/Revenue,Government/Politics
  • Reuters ID: LVA001392403042025RP1
  • Aspect Ratio: 16:9
  • Story Text:The impact of the United States’ newly-announced global reciprocal tariffs is yet to be fully apparent, but an Indian garment producer on Thursday (April 3) suggested that while there will be turmoil in the short term, Washington’s newly-imposed duties could present an advantage for his industry.
    “It could be positive because tariffs are not only in India, it is to all the countries and so buyers will have to make up their mind,” said Tony Uppal, the founder and chairman of Pee-Empro Exports.
    The United States slapped a 26% reciprocal tariff on India, dealing a blow to the South Asian country's hopes of relief under President Donald Trump's global trade policy.
    With Trump charging a higher tariff on China, sectors where India can gain market share in shipments to U.S. include textiles, apparel and footwear, according to an internal Indian government report reviewed by Reuters.
    (Production: Feline Lim, Priyanshu Singh)
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2025. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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