Indian Footwear Giant Warns of Heavy Blow From Trump’s New Tariffs on Imports

Farida Group Chairperson Rafeeque Ahmed has voiced serious concerns over the U.S. imposing a 25% import tariff on Indian goods, warning it could cripple India’s leather and footwear sector. The Chennai-based company, which employs over 22,000 workers—mostly women—fears widespread job losses, cash flow disruptions, and loss of market share to rivals like Vietnam and Indonesia. With further penalties possible over Russian energy imports, uncertainty looms large. Ahmed has urged the Indian government to intervene urgently, stressing that swift action is needed to protect labor-intensive industries and prevent a crisis that could deeply impact India’s export economy and employment landscape. #usindia #leatherexports #faridagroup #rafeequeahmed #trumptariffs #indianfootwear #exportcrisis #indiaeconomy #womensjobs #tradeconflict