The International Apparel Federation (IAF) explains that the import duties introduced by the United States are a direct threat to entire industry. In an explanation, the association writes that there is a risk of destabilization of economies and the tariffs endanger the livelihood basis of countless employees and entrepreneurs: inside the clothing industry.
The IAF welcomes the suspension of a large part of the import tariffs, but warns that the resulting uncertainty continues to exist. “Global supply chains are still recovering from the pandemic, the crisis on the Red Sea and the sunken consumer: internal confidence. The unpredictability of trading policy deteres investments and leads to the market becomes more unstable and trust does not recover.” The IAF therefore calls for a stable and predictable trade climate.
The association also points out that the import duties imposed by the United States against China could lead to an escalation for other countries. “Many clothing export countries do not have domestic purchasing power to significantly increase imports from the USA, which makes it unrealistic and unreasonable to demand drastic corrections to the trade balance.” Former US President Trump wants import tariffs to ensure that the trade balance between the USA and many other countries becomes more balanced again. “Likewise, high tariffs will realistically not lead to a large -scale backing of clothing production to the United States,” said the IAF.
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