How Trump’s Tariffs Could Make Clothing More Expensive

In the wake of President-elect Donald Trump’s recent victory, concerns are escalating over his proposed tariffs on imported goods, particularly clothing. Trump has announced a sweeping tariff policy that could impose 10% to 25% on goods from China, Mexico and Canada. These measures, slated to take effect on Day 1 of his presidency, have sparked widespread anxiety among industry experts, who warn that consumers may face substantial price increases on everyday apparel and other imported products.

“Retailers rely heavily on imported products and manufacturing components so that they can offer their customers a variety of products at affordable prices,” NRF Vice President of Supply Chain and Customs Policy Jonathan Gold said. “A tariff is a tax paid by the U.S. importer, not a foreign country or the exporter. This tax ultimately comes out of consumers’ pockets through higher prices.”

Currently, the average tariff on US apparel imports stands at approximately…