Overview

• Exporters in Rampur report overnight price spikes, with a USD 20 product now USD 30, freezing purchases and leaving finished goods stuck in factories.
• Industry representatives warn of several-crore losses in mentha oil and say thousands of farmers and factory workers face income hits as trade stalls.
• Moradabad’s handicraft trade, which sends about three-quarters of its output to the U.S., reports exports at a standstill.
• Exporters estimate more than Rs 300 crore in orders are on hold and about Rs 150 crore in business is shifting to other countries, with early layoffs already underway.
• Local industry leaders call the move a pressure tactic and urge targeted government support to keep firms running and safeguard jobs.