Impact of 26% reciprocal tariff: Price ain’t right! US garment companies bargain shopping in India
US garment retailers are urging Indian apparel manufacturers to absorb some price increases caused by President Trump's 26% tariff on Indian products, which is less than on Vietnam, Bangladesh, Cambodia, and Pakistan. Indian manufacturers may offer a 5% discount and seek government subsidies to expand and modernize factories, enhancing their competitiveness.