NextFin news, Indian textile stocks experienced a notable surge on Tuesday in New Delhi as India-US trade negotiations resumed, aiming to address the ongoing tariff issues imposed by the United States on Indian goods.
The talks, held this Tuesday, focused on resolving the US tariffs that have significantly affected Indian textile exporters such as Welspun, Vardhman Textiles, Gokaldas Exports, Trident, and KPR Mill. These tariffs, announced earlier this year, included a 50% levy on certain Indian textile products, which had previously caused a sharp decline in the stocks of these companies.
Market reactions were positive with Indo Count rising by 5.3%, KPR Mill by 3.5%, and other major textile companies like Trident, Raymond, and Pearl Global also seeing gains. According to Mint, the market optimism is driven by expectations that the trade talks could lead to tariff relief or a more favorable trade agreement between the two countries.
The negotiations took place in New Delhi, where officials from both India and the United States expressed a constructive outlook on improving bilateral trade relations. The discussions are part of ongoing efforts to resolve trade tensions and enhance cooperation between the two nations.
These developments come after the US administration's earlier imposition of tariffs on Indian goods, which had raised concerns among Indian exporters and investors. The trade talks represent a critical step toward potentially reversing or mitigating these tariffs, which have had a direct impact on the Indian textile sector's performance in the stock market.
Sources: Mint (September 16-17, 2025), HDFC Sky (September 16, 2025)
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