Fashion / Government and Trade / Forever 21 / Ralph Lauren / Steve Madden

Brands Make Last-minute Pleas to Government to Shelve Tariffs

Posted On: Jun 13, 2019   |   Posted By: WWD

Fashion's getting ready to give President Donald Trump a piece of its mind with top executives warning of dire consequences if he ratchets up tariffs in his trade war with China.
Higher prices for already-squeezed consumers, job losses and store closures are all in the offing if the administration boosts tariffs on Chinese-made apparel and footwear by 25 percent, according to letters from a host of major American retailers sent to U.S. Trade Representative Robert Lighthizer.
Those tariffs would come on top of average duties of roughly 13 percent already paid for apparel and footwear from China, according to the American Apparel & Footwear Association. (Levies on individual categories can peak in the low 30s for apparel and the mid-60s for footwear, on a percentage basis).
The written statements from fashion's c-suite come ahead of hearings in Washington, D.C., next week, where the brands will have their last chance to make pleas before Trump is expected to make his final decision.
Patrice Louvet, president...

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