Thanks For The MAGA, Donald! Apparel Companies Fear Tariffs Could Squash Profits

U.S. apparel companies are bracing for squeezed profits and potential store closures as a result of the Trump administration’s pledge to extend tariffs on Chinese imports…… About 40% of all clothing and 70% of shoes sold in the U.S. are made in China, according to the American Apparel and Footwear Association.         […]
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