Home / Knowledge / News / Textiles / US tariff hike on Chinese textiles: Advantage India

US tariff hike on Chinese textiles: Advantage India

21
May '19
Pic: DWilliams from Pixabay
Pic: DWilliams from Pixabay
The inclusion of chapters 50-60 in the recently imposed additional tariff on Chinese imports by the US has put India in an advantageous position, according to the Confederation of Indian Textiles Industry (CITI). Indian textile industry has an opportunity to increase its exports to US, particularly cotton textiles, floor coverings, and man-made filaments.
 
The US has hiked tariff to 25 per cent on $200 billion imports from China with effect from May 10, 2019. This tariff hike covers textile related chapters 50-60 and an analysis reveals that this puts India at an advantageous position. “We must grab this opportunity to increase our share of textile exports to the US,” CITI chairman Sanjay K Jain said in a press release.
 
The US imports of textile products from China under chapters 50-60 was $3.96 billion in 2018, accounting for only 2 per cent of the notified $200 billion imports from China. In comparison, US imports of these products from India stood at $1.71 billion in 2018.
 
“Out of the total textile products, cotton textiles account for the largest number of tariff-lines (520 at 10-digit level). In terms of value, the most imported products belong to floor coverings, nonwoven cordage and man-made filaments,” the release said.
 
Indian apparel and made-ups exporters, however, will not have any additional advantage as the items notified in the tariff hike do not include garments and made-ups. (RKS)
 

Fibre2Fashion News Desk – India


Must ReadView All

VITAS suggests ways to reduce Vietnam's fabric import rise

Textiles | On 18th Jun 2019

VITAS suggests ways to reduce Vietnam's fabric import rise

Quickly setting up industrial parks for textile and dyeing industry,...

Pic: University of Sheffield

Apparel/Garments | On 18th Jun 2019

RMG firms failing to deliver on living wage promise: study

Global garment companies are failing to meet living wage promises to...

Millennials will equal 40% of global luxury market by 2025

Fashion | On 18th Jun 2019

Millennials will equal 40% of global luxury market by 2025

Millennials will represent 40 per cent of the global personal luxury...

Interviews View All

Sunil Kumar Sharma, Loknayak JPNSSSG Ltd

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Top executives, Textile industry

Top executives
Textile industry

It will take some time for the people to change their buying choices

Akash Khetan, Narayan Tex Fab

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Luciano Sardini,

Luciano Sardini

A consolidated reality in Italy and internationally, IMA Spa is well-known ...

Sandip Bhojani, Manthan Patel,

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Mala Alwani,

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search