The stir caused by Trump’s tariff, shares of textile companies fell; Broken expressions up to 9 percent

Textile Company Shares Today: US President Donald Trump has announced 25 percent tariffs in Indian goods imported from August 1. Apart from this, he has also indicated a fine on India to continue energy trade and defense cooperation with Russia.

The decline in shares of these companies declined

Following this announcement of Trump, during the Indian stock market trading on Thursday, the shares of the country’s textile companies on the BSE saw a decline of up to 9 %. Gokaldas Exports, Phase Three, Pearl Global Industries, Welspun Living, KPR Mill, Arvind, Vardhman Textiles, Indo Count Industries, Kitex Garments and Sangam India shares recorded a decline of 3 percent to 8 percent on BSE during trading in shares of Sangam Garments and Sangam India. With this, the BSE Sensex was at 81,003.33 at 9:28 am to 81,003.33.

Now India will face these countries

America is the largest market in India in the case of apparel exports. During January-May 2025, India exported $ 4.59 billion to the US in this category. This reflects a gain of 13 percent against the business of $ 4.05 billion last year. In the US, in the case of Apparel or Garments Export, India directly compete with countries like Bangladesh, China and Vietnam.

In such a situation, the tariff of 25 percent imposed on India is less than the tariff of 35 percent imposed on Bangladesh. America has imposed 20 percent tariffs on Vietnam. Apart from this, 40 percent tariff has been imposed on the transpiration of goods from Vietnam, which is due to the trade done by China via Vietnam. At the same time, a tariff of 55 percent is currently in force on China. China is in talks with the US regarding the trade deal, whose deadline can be extended till August 12.

Companies will fall in profit

According to a Business Standard report, ICICI Securities believes that business will decline due to tariffs at the rate of 25 percent on the weight of America. The tariff will affect the profits of the suppliers, which will also reduce the profit of garment companies. This can also affect the shares of textile companies. Meanwhile, textiles companies are focusing more in countries such as Britain, European Union, Middle East.

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