IAF warns US tariffs threaten global fashion and textile industry

From Yahoo Finance: 2025-04-23 06:23:00

The International Apparel Federation (IAF) warns that steep tariffs on apparel and textiles pose a threat to global industries. The IAF supports Trump’s 90-day tariff suspension for all nations except China, but expresses concerns about the impact on countries heavily dependent on US clothing exports. Tariffs on Chinese exports to the US remain at 145%. Once the 90-day pause ends, tariffs for goods from the EU, India, Thailand, Cambodia, Bangladesh, Pakistan, Myanmar, and the UK will increase.

The IAF emphasizes the destabilizing effect of reciprocal tariffs on the global apparel sector, urging industry resilience beyond cost considerations. It advocates for sustainable supply chains based on long-term partnerships and mutual reliance. The federation calls for reasonable trade negotiation goals and warns against punishingly high tariffs on apparel, noting the unrealistic demand for trade balance corrections.

IAF fears unpredictable trade policies could hinder investment and destabilize markets. It plans to enhance global efforts to support manufacturers and calls for collaborative partnerships to build a resilient and sustainable future for the apparel industry. The US fashion sector supports the tariff pause but demands a more definitive strategy for stability across the global fashion supply chain.

IAF warns that US tariffs threaten the global fashion and textile industry. The organization calls for unity and collective strength to weather the storm and build a more resilient future. The US fashion sector supports the tariff pause but seeks a more comprehensive strategy for stability. Request a free demo for GlobalData’s Strategic Intelligence for real-time data and analysis on the shifting tariff landscape.



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