NEW YORK (AP) — 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.
About 97% of the clothes and shoes purchased in the U.S. are imported, predominantly from Asia, the American Apparel & Footwear Association said, citing its most recent data. Walmart, Gap Inc., Lululemon and Nike are a few of the companies that have a majority of their clothing made in Asian countries.
Those same garment-making hubs took a big hit under the president’s plan to punish individual countries for trade imbalances. For all Chinese goods, that meant tariffs of at least 54%. He set the import tax rates for Vietnam and neighboring Cambodia at 46% and 49%, and products from Bangladesh and Indonesia at 37% and 32%.
Working with foreign factories has kept labor costs down for U.S. companies in the fashion trade, but neither they nor their overseas suppliers are likely to absorb new costs that high. India, Indonesia, Pakistan and Sri Lanka also got slapped with high tariffs so aren’t immediate sourcing alternatives.
Why do we keep picking random things to point out that tariffs will effect their price. The tariffs will effect almost everything’s price. Even if things are made in America, very few things are made with 100% American resources, meaning at least some materials, parts, and assembly will be done outside the US and be subject to Tariffs. And even if the thing is 100% American made, when all the competition has to raise prices, guess what they will do too. Nearly nothing will be unaffected by tariffs.
It’s why I bought all the canned goods and clothes I could from costco this week. It’s the last of good prices, and they weren’t even that good.
Joke’s on you, I haven’t bought new clothes since 2020
Im assuming that’s BC. And you’re immortal.
(Edit: aww he corrected the date error. Booo)
I’m totally not a time traveler.
Precisely the kind of thing a time traveler trying to keep time travel a secret would say.
Yeah they don’t really prepare you for this in training
Weird. They prepared me, but then again that was ages from now.
They’ve always/never had a problem with retro-updating internal documentation.
Well obviously. That would be ridiculous.
Time to buy Noke sneakers, iPones and McDonal’s then.
I already shop at the Gape
So it’s going to be even harder to have my collection of
BALENCIAGA Super Destroyed Wide-Leg Jeans
And pay rent to my awful landlord?
Help US make goods they import even more expensive by adding an export tax.
With foreign countries apply export tax to all export to US, local manufacturer in US will increase their prices to match the now overpriced imports from overseas, because why not.
And lower US wages to lower their manufacturing costs, to lower prices so that US people can afford the same shit again. Oh wait…
Americans, be nudists
We should only wear clothes during work hours on special occasions. What’s with all this conservative clothing-isms!
I’m actually good with not buying things made from child labour. I just bought some altras, I forgot to check where the shoes are made in but I believe the company is australian and goodonyou.eco said they’re an ok company
That is the literal point of tariffs. It is why they exist. It is their raison d’etre it f you speak metric.
We have a global market place. Only an idiot would place blanket tariffs on products.
It’s almost as if actions have consequences
Not just what we wear…
