New Delhi: US President Donald Trump\u2019s decision to double tariffs on Indian goods has placed intense financial pressure on Indian factory owners, particularly in the apparel sector. Exporters like Pearl Global, which supplies major US retailers including Gap and Kohl\u2019s, are now facing demands from American clients to either absorb the increased costs or shift operations out of India.<\/p>\n
According to media reports, major US retail giants such as Walmart, Amazon, and Target have stopped placing new orders from India following the tariff announcement.<\/p>\n
\u201cAll the customers are already calling me,\u201d said Pallab Banerjee, managing director of Pearl Global, in an interview with Reuters. \u201cThey want us to … let\u2019s shift from India to other countries.\u201d<\/p>\n
To retain business, Pearl Global has offered to move production to its factories in Bangladesh, Vietnam, Indonesia, and Guatemala \u2014 all exempt from the new US tariffs on Indian goods.<\/p>\n","protected":false},"excerpt":{"rendered":"
New Delhi: US President Donald Trump\u2019s decision to double tariffs on Indian goods has placed intense financial pressure on Indian factory owners, particularly in the apparel sector. Exporters like Pearl Global, which supplies major US retailers including Gap and Kohl\u2019s, are now facing demands from American clients to either absorb the increased costs or shift […]<\/p>\n","protected":false},"author":4,"featured_media":47542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,37,21],"tags":[7574,7572,7579,7573,7570,7576,6086,7571,7575,7567,7568,7577,7578,7569],"class_list":["post-47541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-national","category-political-news","tag-said-pallab-banerjee","tag-amazon","tag-and-guatemala-all-exempt-from-the-new-us-tariffs-on-indian-goods","tag-and-target-have-stopped-placing-new-orders-from-india-following-the-tariff-announcement-all-the-customers-are-already-calling-me","tag-are-now-facing-demands-from-american-clients-to-either-absorb-the-increased-costs-or-shift-operations-out-of-india-according-to-media-reports","tag-in-an-interview-with-reuters-they-want-us-to-lets-shift-from-india-to-other-countries-to-retain-business","tag-indonesia","tag-major-us-retail-giants-such-as-walmart","tag-managing-director-of-pearl-global","tag-new-delhi-us-president-donald-trumps-decision-to-double-tariffs-on-indian-goods-has-placed-intense-financial-pressure-on-indian-factory-owners","tag-particularly-in-the-apparel-sector-exporters-like-pearl-global","tag-pearl-global-has-offered-to-move-production-to-its-factories-in-bangladesh","tag-vietnam","tag-which-supplies-major-us-retailers-including-gap-and-kohls"],"yoast_head":"\n