Nightmare of Job Losses in India After Trump’s Tariff Strike
Hundreds of thousands of Indian workers—from garment factories to shrimp farms—are now staring at unemployment after the U.S. slapped a 50% tariff on Indian exports.
⚡ A Sudden Shock from Washington
On August 27, the new 50% tariff came into effect—double the previous 25%.
-
The U.S. accuses India of fueling Russia’s war effort by buying cheap Russian oil.
-
New Delhi hit back, calling it hypocrisy: Europe and China import far more Russian oil, and even Washington hasn’t cut all ties with Moscow.
-
Five rounds of U.S.–India trade talks collapsed before this decision.
🧵 Garment Industry in Crisis
-
Anuj Gupta, a garment exporter in New Delhi:
“Our entire business has been frozen. We are being treated the worst.”
-
Gupta sends 40% of his products to the U.S.—now clients are considering shifting to other suppliers.
-
In Tiruppur, India’s knitwear hub, about 150,000 workers are at risk of losing their jobs.
🍤 Shrimp Exports on the Brink
-
Sandhya Marines, with 3,500 workers, has already started layoffs:
“No orders are coming. Farmers and shrimp peelers will suffer the most.”
-
Last year, India exported 1.78 million tons of seafood to the U.S. (worth $7.38B). Shrimp made up 92% of that value.
-
Nearly 2 million workers tied to the seafood industry could be affected.
📉 The Bigger Picture
-
55% of India’s $87B exports to the U.S. fall under the new tariff.
-
Moody’s warns this could slow India’s growth and undercut its “Make in India” ambitions.
-
One exporter put it bluntly:
“It feels like a nightmare where you don’t know what tariff you’ll wake up to tomorrow.”
🏛️ Modi’s Defiance
Prime Minister Narendra Modi responded firmly:
-
India must stand strong and self-reliant.
-
He vowed to “stand like a wall” against policies threatening national interests.
-
Above all, India will not compromise on protecting its farmers—nearly half of the population.
🔥 The Harsh Reality
Despite government promises, the truth is clear: India’s key industries—textiles, shrimp, gems, carpets—are under siege.
“A 50% tariff is nothing less than an embargo on Indian goods.” – V. Elangovan, SNQS Garments
India now faces a brutal choice: absorb the massive losses, or bow to Washington’s pressure.
Chatl collection
Comments
Post a Comment