US Tax imposition: Rs 3,000 crore worth trade affected: CM Stalin writes to PM Modi
Tamil Nadu Chief Minister MK Stalin on Thursday reiterated his demands to the Centre for immediate relief and structural reforms to safeguard industries and workers as US tariff hike to 50 per cent has hit Tamil Nadu’s exports hard, especially Tiruppur’s textile hub.
“The US tariff hike to 50 per cent has hit Tamil Nadu’s exports hard, especially Tiruppur’s textile hub, causing a trade impact of nearly ₹3,000 crore and putting thousands of jobs at risk,” Stalin said in a post on X.
”I reiterate my demands to the Union Government for immediate relief and structural reforms to safeguard our industries and workers,” he said.
On August 16, Stalin wrote to Prime Minister Narendra Modi, highlighting the considerable impact of the US’ tariffs on Tamil Nadu, including the threat of layoffs in export-oriented sectors, and urged the Centre to take immediate measures, including providing a special financial relief package to support exporters.
Meanwhile, KM Subramanian, president of the Tiruppur Exporters’ Association, told ANI that the knitwear exporters in Tirupur who rely entirely on the US for their exports — constituting about 10 percent of the total — will be the most affected by the tariff hike.