It is global slowdown now. Questions have therefore been raised on how advanced, developing and emerging economics brace up to meet the situation. The economic woes of the 27 member European Union (EU) have been compounded by the exit of Britain from the EU. In the US, a New President has been elected recently, though the development has much less to do when it comes to bilateral trade with India. The surprising element of the global economic slowdown however is that it has adversely affected almost all textile exporting countries to the US, if their performance in the first nine months of 2016 (January – September) is any indication, going by the latest US data. Among these countries the important ones are China, India, Vietnam and Bangladesh. Others are Mexico, Honduras, El Salvador etc. China and India have posted a negative growth during the period under review. However, Vietnam and Bangladesh have recorded a measly growth in total textile and clothing (T and C) exports in the same period.