Trump’s tariffs and the effect on the US textile care industry
USA UPDATED 11 April: President Donald Trump has climbed down on his controversial ‘Liberation Day’ tariffs just one week since he announced them, pausing the highest percentage impositions for 90 days. However, he more than doubled down on Chinese imports tagging them with a 125% levy. He has now upped that to 145% on some goods while most of the rest of the world incurs a 10% import tariff as of now. Where does this leave textile care businesses?