$BANANAS31 #TrumpTariffOnBangladesh
When U.S. President Trump announced a sweeping 35% tariff on Bangladeshi garment imports, up from the initial plan of 37%, the global textile market shifted instantly.
In India, textile stocks surged dramatically: Alok Industries jumped over 15%, Gokaldas Exports and Vardhman Textiles rallied 7–8%, and peers like KPR Mill, Trident, Welspun, and Raymond saw gains of 2–5% in early trading sessions.
Analysts from Moneycontrol and Financial Express explain that these tariffs effectively make Indian exports more competitive in the US as Bangladesh’s share in the ready-made garment market shrinks from 9%, brands now begin shifting their sourcing to India and Vietnam.
While the overall Sensex and Nifty opened flat amid broader trade jitters, the textile sector stood out as one of the biggest gainers.
Industry experts are calling this a “strategic window of opportunity”, mentioning that India’s current 10–26% tariff contrasts favorably against Bangladesh’s new 35%, positioning Indian exporters to capture a larger share of US imports.