The new tariffs and resulting market turmoil threaten to undermine – or at least stall – progress on textile industry-wide sustainability goals
WASHINGTON – US president has removed historical cost advantages of Asian textile and apparel production after penalising dozens of US global trading partners with sharply higher tariffs. (See table further down).
Countries such as Bangladesh, Vietnam, Cambodia, India, and Indonesia face the largest levy hikes with apparel and textile imports from China to the US at a 22-year low while the world’s largest supplier of textiles faces a separate deadline of 12th August for a trade agreement to be negotiated.
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