Indian Textiles Gain as U.S. Cotton Prices Fall Amid China's Tariffs
The global textile industry is experiencing a significant shift, with India's textile sector emerging as a key beneficiary. This change is primarily driven by the recent decline in U.S. cotton prices, a consequence of China's imposition of 10-15% retaliatory tariffs on U.S. cotton imports This development has created a ripple effect, offering India an opportunity to enhance its position in the global textile market. The Catalyst: China's Tariffs on U.S. Cotton In response to escalating trade tensions, China, one of the largest consumers of U.S. cotton, imposed tariffs ranging from 10-15% on U.S. cotton imports. This move led to a significant reduction in demand for U.S. cotton from China, resulting in an oversupply and a subsequent drop in prices to a four-year low. This price decline has created a favorable scenario for other textile-producing nations, particularly India. India's Strategic Advantage India, a leading exporter of cotton yarn with a global market share of...