The additional tariff of 25 per cent imposed by the US on China as part of the ongoing trade conflict between the two has made Indian textile exporters optimistic about opening up of opportunities to increase their share in the American market, says a report.
The Confederation of Indian Textile Industry (CITI) points out that the list of notified $ 200 billion imports from China on which additional tariff has been imposed by the US places Indian textile exporters in an advantageous position. Of the $ 200 billion of imports, textile items comprise just $ 3.9 billion of the value, but still provide enough scope to exporters in India, the report added.
