The United States Fashion Industry Association (USFIA) has responded to President Trump’s announcement of new tariff increases of 25% on steel imports and 10% on aluminium imports.
“These tariffs aren’t quite as high as tariffs on the fashion industry, which can reach 32% on some products. However, we know these tariffs will be catastrophic for the US economy and jobs. We’re not being partisan or subjective; it’s Trade Policy 101—and we can expect widespread net job loss in the United States as a result, according to early studies, not to mention regressive taxes on American consumers. This is not the way to support American companies and jobs, and definitely not the way to participate in the global economy,” the association said in a statement.