Stalin Urges PM Modi: US Tariffs 'Wreaking Havoc', Rs 15,000 Cr Tiruppur Exports Lost

India
M
Moneycontrol•18-12-2025, 12:30
Stalin Urges PM Modi: US Tariffs 'Wreaking Havoc', Rs 15,000 Cr Tiruppur Exports Lost
- •Tamil Nadu CM MK Stalin urged PM Modi to address the 50% US tariffs on Indian exports, calling it an "escalating crisis."
- •The tariffs have wiped out Rs 15,000 crore in export orders from Tiruppur, leading to 30% production cuts and Rs 60 crore daily revenue loss in key districts.
- •TN's textile, apparel, and leather sectors, employing 85 lakh workers, face severe impact, with jobs at risk and buyers diverting orders.
- •Stalin highlighted the humanitarian concern, warning that regaining lost markets would be an "uphill battle."
- •He called for swift diplomatic action and a bilateral agreement to resolve the issue and protect India's export ecosystem.
Why It Matters: US tariffs are devastating TN's export sectors, risking jobs and market share; Stalin seeks Modi's urgent intervention.
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