The global textile industry showed signs of improvement in May 2026, although challenges related to weak demand, rising costs and geopolitical uncertainties continue to weigh on the sector, according to the 38th Global Textile Industry Survey released by the International Textile Manufacturers
The U.S. administration’s sweeping tariff hikes on imported goods are disrupting global textile and apparel value chains and pushing up apparel prices for American consumers. This unilateral move marks a departure from the established global trade framework, traditionally governed by multilateral (WTO), regional and bilateral (FTA) agreements. V. Srinivasan, President of













