UPSC-Relevant News Items

1. Trump tariffs wreak havoc on TN's export sectors; Stalin sends SOS to PM Modi

Page: 5

Summary:

• • TN CM Stalin alerted PM Modi that 50% US tariffs are severely damaging the state's highly employment-intensive textile, apparel, leather, and footwear export sectors.
• • Clusters like Tiruppur are losing ₹60 crore daily, forcing exporters to offer deep discounts and pushing small enterprises towards collapse.
• • The tariffs risk the jobs of 85 lakh workers in TN, accelerating layoffs, as international buyers shift orders to rivals like Bangladesh and Vietnam.
• • CM Stalin urged the Centre to aggressively pursue bilateral negotiations with the US to secure tariff concessions, emphasizing that 35% of India's textile exports originate from TN.

Additional Facts:

• • The Ministry of Commerce & Industry, through the Foreign Trade Policy and DGFT, regulates international trade, engaging in bilateral negotiations to address tariff issues and protect India's export sectors.

Linkage with UPSC course:

• • GS Mains (GS-3):
• • • Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.
• • • Effects of liberalization on the economy (protectionism/trade wars).
• • • Infrastructure: Energy, Ports, Roads, Airports, Railways etc.

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