Textile companies to take 5-10% revenue hit amid Trump’s 50% tariff, says Crisil
India’s home textile makers could be staring at a 5–10% decline in revenue this fiscal after the US imposed 50% tariffs on August 27, according to Crisil Ratings. With exports to the US contributing nearly three-fourths of the industry’s revenue, the blow is significant, but Crisil says it could be cushioned by a few mitigating … Read more