Golf
Add news
News

Clothing retailers to pump brakes on orders, hiring due to tariffs

0 26
close video White House explains Trump's raise in tariffs on China, 90-day pause on others Press secretary Karoline Leavitt and Treasury Secretary Scott Bessent break down President Donald Trump’s latest tariff changes, including increased tariffs on China and a 90-day pause on others. President Donald Trump’s tariffs pushed some American clothing and accessory retailers to pump the brakes on orders and hiring. Smaller sellers of clothing and shoes without massive supply chains rely on Vietnam and China for products, Reuters reported.Vietnam and China, both major producers of apparel and footwear, were among the slew of countries that were hit by tariffs that the Trump administration unveiled last week. Those tariffs included a baseline levy of 10% on imported goods and "individualized reciprocal higher" tariffs on certain nations, according to the White House. While Trump on Wednesday announced a 90-day pause on some tariffs, he is continuing to escalate with China, saying he will hit...

Comments

Комментарии для сайта Cackle
Загрузка...

More news:

Read on Sportsweek.org:

Other sports

Sponsored