Sun Aug 31 11:44:01 UTC 2025: Here’s a summary of the provided text and a rewritten news article based on it:
**Summary:**
Former Tamil Nadu Chief Minister and AIADMK General Secretary Edappadi K. Palaniswami is urging Prime Minister Narendra Modi to implement a six-month moratorium on loan payments for the textile industry due to the impact of new U.S. tariffs on Indian exports. He also criticizes the current DMK government in Tamil Nadu for policies that he claims have negatively impacted the textile industry, accusing Chief Minister M.K. Stalin of hypocrisy. Palaniswami emphasizes the potential job losses in key textile manufacturing districts of Tamil Nadu if action isn’t taken.
**News Article:**
**U.S. Tariffs Threaten Textile Jobs: AIADMK Leader Calls for Loan Moratorium**
**Chennai, August 31, 2025** – As new U.S. tariffs threaten India’s textile exports, former Tamil Nadu Chief Minister and AIADMK General Secretary Edappadi K. Palaniswami has issued a plea to Prime Minister Narendra Modi for urgent financial relief. Palaniswami is specifically requesting a six-month moratorium on loan payments for textile businesses to prevent widespread job losses within the industry.
The AIADMK leader expressed concern that the increased tariffs levied by the U.S. government will make Indian textile products less competitive in the American market. “Those importing Indian goods in the U.S. now have to pay more,” Palaniswami stated, “Sales of Indian goods in the U.S. would come down, unable to compete with imports from other countries.”
Palaniswami also directed criticism at the current DMK government in Tamil Nadu, led by Chief Minister M.K. Stalin. He accused the DMK of exacerbating the industry’s problems through policies such as increased property taxes, electricity tariffs, and rising cotton prices. “The DMK government should undertake creative steps to remove the challenges facing the industry,” Palaniswami demanded.
He further accused Chief Minister Stalin of “crocodile tears,” arguing that the DMK government has been detrimental to the textile sector since assuming office in 2021.
The textile industry is a significant employer in Tamil Nadu, particularly in districts like Coimbatore, Erode, Tiruppur, Karur, and Namakkal. Palaniswami warned that failure to address the tariff issue and the internal challenges facing the industry could result in significant economic hardship for thousands of workers and their families.
The call for a loan moratorium comes as the Indian government grapples with the potential economic fallout of the new U.S. trade policies. The situation is further complicated with trade tensions between the US and India. The response from Prime Minister Modi is highly anticipated.
First Piper 