Following US President Donald Trump’s decision to slash tariffs on Bangladeshi textile products from 35% to 20%, shares of several major Indian textile companies plummeted. The move is expected to make Bangladesh even more competitive in the US market. According to Upstox, KPR Mills fell by 5%, Welspun Living by 2%, Alok Industries by 0.8%, Pearl Global by 3.7%, Gokaldas Exports by 2.6%, Kitex Garments by 3.21%, and Bardhaman Textiles by 2.8%. The new tariff structure has caused concern among Indian exporters, especially in labor-intensive sectors such as textiles and electronics, with the US being India’s largest export destination.