Shares of Gokaldas Exports Ltd fell nearly 3% after touching a day’s high of Rs 859.95 on 1st August, following the announcement of the latest tariff developments by the US administration under President Donald Trump. Pearl Global Ltd, Arvind Ltd, and Welspun Living Ltd also recorded losses today.

The Trump Administration announced a 25% tariff on India, though the reasons for the penalties remain unclear.

A key focus today is the tariff on Bangladesh being cut to 20% from the 35% imposed in April.

India competes with Bangladesh and Vietnam for garment exports to the US. Vietnam, which recently signed a deal with the US, also faces a 20% tariff.

Companies like Gokaldas Exports and Pearl Global derive 50–70% of their revenue from the US, while Arvind Ltd (30%) and KPR Mill (21%) also have significant exposure.

India holds a 6% share in US ready-made garment imports, compared to Vietnam’s 19% and Bangladesh’s 9%.

Pearl Global’s management noted that the tariffs will ultimately be passed on to end customers, not the company.

At 12:54 PM, Gokaldas Exports was down 2.67% at Rs 827.05, Pearl Global fell 3.74% to Rs 1,431.70, and Arvind Ltd was trading 0.33% lower at Rs 315 on NSE.

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