Indian garment manufacturers are redirecting exports from the US to the European and British markets amid the increase in US tariffs to 50%, reports Reuters. The share of Indian apparel shipments in the US will drop from 28.3% in 2022 to 25.4% by the end of August 2026, according to industry estimates. In April-August textile exports to the American market decreased by 9.8% to 4 billion dollars, while shipments to other countries increased by 3.7% to 15.2 billion dollars.

Indian garment manufacturers are redirecting exports from the US to the European and British markets amid the increase in US tariffs to 50%, reports Reuters. The share of Indian apparel shipments in the US will drop from 28.3% in 2022 to 25.4% by the end of August 2026, according to industry estimates. In April-August textile exports to the American market decreased by 9.8% to 4 billion dollars, while shipments to other countries increased by 3.7% to 15.2 billion dollars.