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Tariffs could raise clothing costs this fall analysts say
U.S. families face higher prices as tariffs on major garment exporters take effect. With 97 percent of clothes and shoes imported mainly from Asia, retailers like Walmart Gap Nike and Lululemon could see price shifts. FDRA says children’s Chinese shoes may rise from 26 to 41 dollars, while boots and running shoes could jump significantly.
MENTIONED IN THIS ARTICLE
New York
U.S
Donald Trump
Asia
American Apparel & Footwear Association
Walmart
Gap Inc
Lululemon
Nike
Vietnam
Cambodia
Bangladesh
Indonesia
India
Pakistan
Sri Lanka
Steve Lamar
Footwear Distributors and Retailers of
America
China
FDRA
Matt Priest
Trump
Levi Strauss
Ralph Lauren
Gap, Inc
Abercrombie & Fitch
VF Corporation
Vans
North Face
Timberland
Steve Madden
Mexico
Brazil
Bureau of Labor Statistics
Priest
White House