Shipments on hold, industry in wait-and-watch mode — India’s carpet industry reels under impact of US tariffs

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Shipments on hold, industry in wait-and-watch mode — India’s carpet industry reels under impact of US tariffs - Economic Times

Quick Summary:

Trump’s tariffs have compounded the worries of an industry that was already struggling to survive amid issues of labour and raw material availability.

Mahavir Pratap Sharma, Director of Jaipur-based Oscar Exports, a manufacturer and exporter of handmade woollen carpets and other floor coverings, supports Desai’s views.

Nikita Khanna, Founder of Kaati Carpets, says that they saw no American buyers at the recently concluded Bharat Tex fair in New Delhi.“After the tariff announcement, not one buyer has flown in from America, contrary to how the situation was earlier.