It could set the industry back 50 years: fashion braces for impact of Trump tariffs
5 Articles
5 Articles
Tariffs will make sneakers, jeans and almost everything Americans wear cost more, trade groups warn
NEW YORK — Sending children back to school in new sneakers, jeans and T-shirts is likely to cost U.S. families significantly more this fall if the bespoke tariffs President Donald Trump put on leading exporters take effect as planned, American industry groups warn.
It could set the industry back 50 years: fashion braces for impact of Trump tariffs
From farmers to designers, the entire supply chain will be hit – but it is unclear what duties apply to a finished productFirst it was steel producers. Then automobiles. Now the fashion industry has been left reeling from Donald Trump’s announcement on Wednesday that he was imposing tariffs on more than 180 countries including severe levies aimed at some of fashion’s biggest manufacturing regions.Trump’s “liberation day” tariffs included a 10% d…
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