Indian textile stocks slide ahead of additional US tariff on goods

** Indian textile stocks fall after U.S. confirms 25% additional tariff on Indian-origin goods starting Wednesday

** Indian exports will now face U.S. duties of up to 50% - among the highest imposed by Washington

** The new duties will apply to goods entering the U.S. for consumption or withdrawn from warehouse for consumption from 12:01 a.m. EDT on Wednesday or 9:31 p.m. IST

** Kitex Garments KITE.NS, Raymond Lifestyle RAYL.NS and Welspun Living WLSP.NS down 5%, 2.5% and 2%, respectively

** Vardhman Textiles VART.NS and Gokaldas Exports GOKL.NS fall about 1%

** Last week, India suspended an 11% import duty on cotton until September 30

** U.S. is the biggest market for India's garment exporters; tariffs are leading to order cancellations and making them uncompetitive against Bangladesh and Vietnam, which have U.S. duties of 20%

** YTD, RAYL down 45%, GOKL down 38%