Trumps 35 Percent tariff on Bangladesh
US President Donald Trump has taken such a decision, which has created a stir in the whole world’s textile market. Trump has imposed a huge tariff of 35% on the export coming from Bangladesh, which has worsened the condition of Bangladesh. On the one hand, while this tariff of Trump has become a big problem for Bangladesh’s textile industry, on the other hand it is no less than winning a lottery for India. This policy of Trump has opened the way for the global textile supply chain to completely change, and now India is in a position to take the biggest advantage of this change. Come, let us know what will be the effect of this decision on Bangladesh and how India is going to be rich.
Broken mountains on Bangladesh
This 35% tariff of Trump has made Bangladesh eat all four. Bangladesh’s textile industry is the backbone of its economy. This industry is a source of exports of more than 80% of the country and employs about 40 lakh people. But now Bangladeshi clothes will become so expensive in the American market that it will be difficult for the buyers to buy them. Due to 35% tariff, the prices of Bangladeshi products will start touching the sky and their competitive strength will weaken.
Golden opportunity for India
On the other hand, Trump’s decision for India is no less than a boon. In the US, Indian textile products have a baseline tariff of only 10%, which is 25% less than 35% tariff of Bangladesh. This big difference makes Indian clothing much cheaper and attractive in the American market. American companies, who were still buying cheap clothes from Bangladesh, can now turn to India. This means that India can get new orders on a large scale, which will give a tremendous jump in textile exports. India’s textile industry is already in a strong position, and now this opportunity can take it to new heights in the global market.
PM Modi and Trump
Enthusiasm in the stock market
The impact of this announcement of Trump is also clearly visible in the Indian stock market. The shares of textile sector companies are seeing a tremendous rise. Gokaldas Exports shares jumped up to 8.2%, Vardhman Textiles increased by 7.9%, Alok Industries’ shares saw a rise of up to 15%. At the same time, companies like KPR Mill, Arvind Limited, Nahar Spinning also did not lag behind. Market experts say that the KPR mill is a strong boom and Vardhman Textiles shares may increase by 5-6%. This fast shows that investors are watching big opportunities in India’s textile sector. This enthusiasm of the stock market is proof that India can easily achieve the order that snatches away from Bangladesh.
Global supply chain will change a big change
This tariff of Trump is not limited to Bangladesh only. He has also imposed heavy tariffs on many countries like Japan, South Korea, Myanmar, Laos, Cambodia. Due to these tariffs, a big change is expected in the global textile supply chain. American buyers will now look at countries where the tariff is low, and India is at the forefront in this matter. If these tariffs are implemented from August 1, then India can get large -scale orders. These orders will not only give boost to India’s textile industry, but will also strengthen the country’s economy.
India can become a global textile hub?
The biggest question is whether India can become a global textile hub? The current situation has brought a golden opportunity for India. Countries like Bangladesh, which were still known for cheap clothes, are now facing tariffs. On the other hand, India The textile industry is fully ready to take advantage of this opportunity. India is already one of the largest textile producers in the world. All types of clothes are made in the factories here, from cheap T-shirts to high-quality suits. India has skilled workforce, modern machinery and large -scale production capacity.
Now due to the tariff of Trump, India can get the orders that Bangladesh used to get earlier. However, to capitalize on this opportunity, India will have to work on many other fronts. First of all, India will have to increase its production capacity, so that it can fulfill the big order coming from Bangladesh. Second, quality control has to be focused, because quality matters in the US market. Third, India will have to increase its delivery speed, so that buyers get goods on time.
Apart from this, India will also have to understand the changing mood of global trade policies. Trump’s policies can change in a day and other countries can also try to compete with India. Therefore, India will have to keep its strategy flexible and be ready for every situation. If India overcomes all these challenges, then it will not only get orders to Bangladesh, but can also become a new leader in the global textile market.