IAF threatens US tariffs global fashion, textile industry

IAF is among the most globalized industries of clothing and textiles, so steep tariffs represent directly and exosexed threats in all areas.

IAF, US President Donald Trump supports the announcement for 90 days of postponement of “mutual” tariffs for all nations except China. However, the tariffs announced on April 2, gave the highest value to the countries dependent on the export of clothing exports to the United States.

A statement made by IAF: “IAF welcomes the decision to suspend a significant part of these punishment tariffs. However, it emphasizes the real and sustainable risk of tariff escalation of tariffs for other nations, one of the world’s largest clothing exporters.”

Except for China, all countries are currently facing the US 10% base rate tariff. However, once the Trump’s 90-day tariff break ends The European Union will face 20% of the goods, India will face 26% increase in tariffs, Thailand’s export tariffs will be exposed to 36% and 49% of Cambodian goods; Those from Bangladesh are facing 37%.

The import of Pakistan will increase by 29% in tariffs and the import of Myanmans will increase by 49%. The UK faces 10% increase in tariffs.

Tariffs in Chinese exports to the United States are not stopped and currently in 145% of China’s exports to the United States are 145%.

IAF, after the continuation of these mutual tariffs after a 90-day break, he concerned that the economy may be positive and businesses and enterprises in the global clothing sector, including the United States.

The organization emphasizes that no strategy for the sustainability of the supply chain cannot endure so many extensive tariff applications. This just called on the sensitivity to acute policy changes by expanding the basics of competitiveness outside of expensive considerations.

In addition, the federation defends solid and sustainable supply chains based on long-term partnership and mutual trade policy.

IAF: “Future-in-trade talks have reasonable goals and high tariffs in clothing, the lack of local purchase power to significantly increase import from the United States, the lack of local purchase power to make it unrealistic and unfounded.