Textile Stocks Jump Up to 7% as Tariffs Rise on Bangladeshi Imports
Stocks of textile companies such as Gokaldas Exports Ltd, KPR Mill Ltd, Vardhman Textiles Ltd, and Arvind Ltd surged by up to 7% on 8th July. This rise followed after the US, under the Trump administration, announced a sudden 35% tariff on imports from Bangladesh. Although the new US tariff on Bangladesh is slightly lower…