India’s textile and clothing exporters have witnessed up to 50% drop in their US business due to the imposition of 50% duties by the Trump administration from August 27 with inventories piling up and orders getting delayed, according to an industry-wide survey.

The Confederation of Indian Textile Industry (CITI) said around one-third of the respondents in the survey have reported that turnover of their US business has reduced by more than 50%. Around 85% of them have reported inventory build-up due to reduction in orders.

About two-third of the respondents to the survey have said that they had to offer discounts to the tune of 25% to remain competitive.

Apart from demand for discounts and falling orders, around 82% of the exporters are also experiencing an extended credit cycle across

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