Trump Plan to Save Christmas Leaves Apparel Out in the Cold
- Industry group says new round to hit 77% of apparel from China
- Trump had said delay was meant to spare consumers some pain
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For footwear and clothing retailers, the holidays are looking pretty grim after all.
Just over three-quarters of shoes, apparel and home textiles such as tablecloths and bed sheets that are imported from China will be subject to a 10% levy as of Sept. 1, according to data shared with Bloomberg News by the American Apparel & Footwear Association, an industry promotion group. That’s in spite of President Donald Trump’s plan to spare holiday shoppers the impact of higher prices by delaying some of the tariffs until Dec. 15.