<ul data-eligibleForWebStory="false"><li>India and the United States are in high-stakes trade negotiations concerning textile exports, with a focus on reducing the 26% tariff faced by Indian textile firms exporting to the US.</li><li>Vietnam has already secured a tariff reduction in a trade deal with the US, raising concerns that India may lose market share if it doesn't negotiate a more favorable deal swiftly.</li><li>Indian textile companies heavily reliant on US exports, such as Himatsingka Seide and Welspun Living, could benefit significantly if the US reduces tariffs from 26% to 10%.</li><li>Despite the short-term uncertainty, long-term prospects for Indian textiles remain positive, with the industry aiming to reach $100 billion in exports by 2030.</li></ul>

India-US Trade Pact: What’s At Stake For Textile Giants

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