US Tariffs Deal ₹3,000 Cr Blow to Tamil Nadu Exports
Tamil Nadu Chief Minister M.K. Stalin said the U.S. decision to impose a 50% tariff on Indian goods has severely affected the state’s exports. He estimated that the textile hub of Tiruppur alone faces losses of around ₹3,000 crore, and thousands of jobs are at risk as orders dry up and production slows.
Leather Sector Also at Risk
The ripple effect of the tariff hike extends beyond textiles. With Tamil Nadu supplying about 30% of India’s leather exports—and some local companies depending on U.S. demand for up to 60% of their sales—an estimated 75,000 jobs in the leather sector are now under threat. Buyers are demanding deep discounts and delaying new orders, making operations unviable for many exporters.
Call for Relief and Structural Reform
Stalin strongly urged the Central government to provide immediate relief and structural support. He stressed the need for measures such as interest relief, enhanced export incentives, and mechanisms to protect workers and MSMEs. The state is also seeking long-term policy reforms to increase resilience against global trade shocks.
