US Apparel Import Tariffs Shock
President Trump has announced new "reciprocal tariffs" that hit Asian apparel suppliers particularly hard, with total duties on apparel now reaching an average of 84% for China, 61% for Vietnam, and similarly high levels for others. We have compiled detailed tables listing the new tariff rates by apparel-exporting country. The De Minimis rule may also be withdrawn as early as May, adding further pressure. These measures are expected to have dramatic consequences for the global apparel industry. Read more...