The “day of liberation”, as US President Donald J. Trump likes to call him, has come and the long-term trading war is here. In his opinion, Trump promises that he is abusive and unritro -pro -pro -proof trade relationships, which ultimately affected the economic and industrial performance of the United States to “correct” through tariffs. A day that seems to mark a profound turning point in the trade relationships between the country and its trading partner: which obviously carries the danger that the sourcing landscape is completely re-drawn by fashion companies.
The American president calls this a correction of “structural asymmetries” that would have caused “the large and persistent annual trade deficit of the United States in the goods area”. On Wednesday, he announced the introduction of minimum tariffs of ten percent to all imports of all US trading partners: inside. A percentage that will increase individually for a total of 57 trading partners: individually and in the form of a import tax. According to Trump, this should be retained until it has been determined that the conditions of reciprocity and the harmful effects determined by its government, which the country’s bilateral trade relationships with its partners: have caused, have been “fulfilled, solved or reduced”, according to the regulation.
Additional tariffs for China, EU, Bangladesh, Vietnam and India; Minimal tariffs for Türkiye, Morocco and Egypt
The most important clothing companies in the world also contain a “special” list of trading partners who are particularly affected by the new protectionist policy in the United States. With the measure, the Trump administration not only wants to boost the domestic industry, but also create jobs and achieve a realignment of f & e-investments to US multinational companies instead of other countries such as China.
In contrast, a number of other countries that produce just as many products, but currently have a significantly lower weight, such as Turkey, Morocco, Egypt and Guatemala, “freed” any “exceptional duties”, so that only the “universal” minimum customs prescribed by the new government for their products in the USA is raised.
In contrast to this competitive advantage, around which clothes made in Turkey, Morocco, Egypt, Guatemala or Panama now have to compete in the United States, the cases of China, the European Union, Bangladesh, Vietnam and India are standing. More precisely: In the case of China, the world’s largest exporter of fashion clothing-exports worth $ 164.743 billion in accordance with the latest WTO estimates-for 2023, the United States has agreed to raise a new inch of 34 percent on the import of Chinese products.
For the European Union, the world’s second largest clothing exporter in the world ($ 162.529 billion), a general inch was collected from over 20 percent to all imports.
Bangladesh, the third largest clothing exporter with $ 47.386 billion, was occupied by tariffs of 37 percent; Behind it Vietnam, the fourth largest export country with $ 31,039 billion, with tariffs of 46 percent. Turkey with annual clothing exports worth $ 18.729 billion in accordance with 2023 WTO data is the fifth largest exporter of fashion clothing worldwide.
Also noteworthy are the tariffs of $ 27 percent ($ 15.366 billion) agreed for India and the $ 28 percent imposed on Tunisia ($ 2.673 billion). The country has an equally flourishing textile industry and sees itself impaired in its competitiveness compared to other countries of the Mediterranean, such as the already mentioned Morocco, Turkey and Egypt, which now, like Panama and other central American countries, see themselves in a strengthened position as a cluster for the production of fashion clothing.
Pakistan was imposed by an inch of over 30 percent; Cambodia 49 percent; Mexico’s tariffs remain 25 percent; Malaysia 24 percent and Sri Lanka experiences an increase to 44 percent. The United Kingdom has a lead with minimal tariffs in the new general minimum rate of ten percent. Morocco is far behind other clothing exporters with an annual export of 3.78 billion US dollars: but will try to expand and strengthen his status as a “turntable” for textile production. The country wants to benefit from the new minimum tariff of ten percent, which is raised on clothing on arrival in the USA.
A competitive advantage, which, in addition to Turkey and Morocco, will also use other production countries, which are currently far from the large production volumes, which are mainly processed in Asia, such as Egypt with 2.45 billion US dollar clothing exports, EL Salvador with $ 1.873 billion, Guatemala with $ 1,597 billion and Panama with $ 1.248 billion.
Here is the full list of the additional tariffs raised by the USA on imports, broken down by “countries”.
Additional tariffs and tariffs above the minimum rate of 10 percent, according to countries
- Algeria – 30 percent
- Angola – 32 percent
- Bangladesh – 37 percent
- Bosnia and Herzegovina – 36 percent
- Botswana – 38 percent
- Brunei – 24 percent
- Cambodia – 49 percent
- Cameroon – 12 percent
- Chad – 13 percent
- China – 34 percent
- Ivory coast – 21 percent
- The Congo – 11 percent
- Equatorial guinea – 13 percent
- European Union – 20 percent
- Falkland Islands – 42 percent
- Fiji – 32 percent
- Guyana – 38 percent
- India – 27 percent
- Indonesia – 32 percent
- Iraq – 39 percent
- Israel – 17 percent
- Japan – 24 percent
- Jordan – 20 percent
- Kazakhstan – 27 percent
- Laos – 48 percent
- Lesotho – 50 percent
- Libya – 31 percent
- Liechtenstein – 37 percent
- Madagascar – 47 percent
- Malawi – 18 percent
- Malaysia – 24 percent
- Mauritania – 40 percent
- Moldova – 31 percent
- Mozambique – 16 percent
- Burma – 45 percent
- Namibia – 21 percent
- Nauru – 30 percent
- Nicaragua – 19 percent
- Nigeria – 14 percent
- Northern Macedonia – 33 percent
- Norway – 16 percent
- Pakistan – 30 percent
- Philippines – 18 percent
- Serbia – 38 percent
- South Africa – 31 percent
- South Korea – 26 percent
- Sri Lanka – 44 percent
- Switzerland – 32 percent
- Syria – 41 percent
- Taiwan – 32 percent
- Thailand – 37 percent
- Tunisia – 28 percent
- Vanuatu – 23 percent
- Venezuela – 15 percent
- Vietnam – 46 percent
- Sambia – 17 percent
- Zimbabwe – 18 percent
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