Thanks For The MAGA, Donald! Apparel Companies Fear Tariffs Could Squash Profits

U.S. apparel companies are bracing for squeezed profits and potential store closures as a result of the Trump administration’s pledge to extend tariffs on Chinese imports...... About 40% of all clothing and 70% of shoes sold in the U.S. are made in China, according to the American Apparel and Footwear Association.

 

 

 

 

 

 

 

 

 

https://www.wsj.com/articles/u-s-apparel-industry-works-to-blunt-impact-of-tariffs-11566293401?mod=hp_lista_pos4

 

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