Delhi’s Nehru Place textile market faces uncertainty as traders grapple with the impact of Trump-era tariffs. The bustling hub, home to about 105 textile businesses, is experiencing a wave of panic. Owners and employees feel the pinch as import costs rise and sales slow. Nehru Place, known for its vibrant textile scene, employs nearly 1,000 to 1,200 people who now worry about job security and shrinking profits.
Market Struggles with Rising Costs and Falling Demand
Many traders at Nehru Place say imported textile products have become costlier due to the new tariffs. These increased prices discourage buyers, leading to slower business and stockpiles of unsold goods. Shop owners express concerns over the future, as the current economic climate threatens their livelihoods. Employees, too, worry about potential layoffs if the situation doesn’t improve. The crisis highlights how global trade policies can directly affect local markets, impacting both businesses and workers.
