Indian textile stocks drop as Trump's 25% tariff threat dents 'safe haven' image

** Indian textile stocks down between 3% to 7%

** Gokaldas Exports NSE:GOKEX leads pack with 7% decline, Welspun Living NSE:WELSPUNLIV drops ~5%

** Vardhman Textiles NSE:VTL and Indo Count Industries NSE:ICIL lose 3.2% and 3.8% respectively

** KPR Mill NSE:KPRMILL and Trident NSE:TRIDENT shed 2.5% each

** Drop after U.S. President Donald Trump slapped 25% tariffs on Indian products, along with undisclosed penalty for New Delhi's trade with Moscow

** Broader markets NSE:NIFTY, BSE:SENSEX down 0.7%

** WLSP, GOKL, ICNT, TRIE derive 40%-70% of their revenues from the U.S. - brokerage Jefferies

** Trump tariffs a "hit to the safe haven perception" of India vs other peer countries - CLSA

** Apparels, having high existing tariffs, still have more to lose - Bernstein