TN CM Urges PM: Resolve US Tariff as ₹15,000 Cr Tiruppur Exports Wiped Out

• TN CM M K Stalin urged PM Modi to resolve the "punitive" 50% US tariff on Indian exports through bilateral agreement.
• Tiruppur, India's knitwear capital, lost ₹15,000 crore in confirmed export orders, with production cuts up to 30%.
• Exporters in Tiruppur, Coimbatore, Erode, Karur face a combined daily loss of ₹60 crore, pushing SMEs to collapse.
• The tariffs threaten lakhs of jobs, causing layoffs and wage deferrals in TN's textile (28% of India's exports) and leather (40%) sectors.
• International buyers are diverting orders to competitors like Vietnam, Bangladesh, and Cambodia, risking permanent market loss.

Why It Matters: TN CM seeks urgent PM intervention on US tariffs to save ₹15,000 Cr exports & lakhs of jobs.