Last week, the Peterson Institute for International Economics released an analysis of which industries will be hardest hit by Trump’s proposed tariffs using current trade flows and tariff rates. For the purposes of this analysis, Julieta Contreras, Mary Lovely, and Jing Yan used the proposed 10% tariffs on all imports and 60% tariffs on Chinese imports. According to their analysis, tariff rates on textiles and clothing would increase by 40.2% if they are imported from China, 8.3% if imported from FTA partners, and 23.8% if Trump levies a 25% tariff on imports from Canada and Mexico. Textile and clothing imports from non-FTA partners would not be affected in this analysis, because they are already higher than 10%.
You can see the figures from the analysis below:
