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 seems basically equivalent to inflation which we’re quite familiar with because we just went through a huge bump in inflation. The scary thing about that is that I noticed while many people’s jobs started to make at least some competitive adjustments in pay for inflation, others did not. I worry that those of us that didn’t see any income adjustment in the previous round will feel this next wave even harder.
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
I guess this is as good a time and place as any to plug this site:
I don’t think I can even buy US made workwear anymore. I used to buy Carhartt but then they went overseas and started using different fabric for the duck pants so I buy Dickies now because they are made in Mexico and are just as good, IMO.
Time to buy Noke sneakers, iPones and McDonal’s then.
I already shop at the Gape
Low quality fast fashion clothes are a perfect example Of what would be GOOD to put tariffs on.we need to discourage them.
Steel, computer chips, major resources that are only obtainable from other countries and will have chain reactions in supply chains is what’s going to cause all of the causes.
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…
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?
What’s see what happens to the words “no” and “shit” and put them together in a simple phrase.
So they end up either paying more from tariffs or paying more from wages being higher because the things are made in the US instead of Asia. The only way all that shit doesn’t lead to a ton of inflation is by giving the same wage as in Asia to people in the USA and then it’s the real estate market that will crash instead.
Americans, be nudists
We should only wear clothes during work hours on special occasions. What’s with all this conservative clothing-isms!
Not just what we wear…
It’s almost as if actions have consequences
That is the literal point of tariffs. It is why they exist. It is their raison d’etre it f you speak metric.
