US fashion brands are pressuring suppliers for price cuts due to tariff pressures

From Yahoo Finance: 2025-04-09 07:33:00

The Clean Clothes Campaign urges fashion brands not to pass new tariff costs onto garment workers, citing reports of US brands like Levi and Walmart asking for discounts from Bangladesh suppliers. The NGO warns that workers are already underpaid and further cuts would devastate them. John Kernan of TD Securities calls for a costly supply chain reboot to address geopolitical tensions and tariffs impacting the industry. He emphasizes the need for a sustainable model to create value upstream in the supply chain. Bangladesh’s interim leader requested a tariff delay, but Trump proceeded with his plan, affecting countries like Cambodia with a 49% tariff. The global fashion industry is concerned about the impact of tariffs, with goods entering the US facing at least a 10% tariff and reciprocal tariffs on key trading partners.



Read more at Yahoo Finance: US fashion brands ‘pushing suppliers for price cuts’ on tariff pressures