AAFA reacts to President Trump’s tariff announcement
18/06/2018
In the latest stage of a long-running dispute, on June 15 President Trump announced he would impose 25% tariffs on $50 billion worth of Chinese goods. Apparel and footwear were not included on the list of products, while the majority of textile machinery was also excluded.
In a statement released on June 16, AAFA president and CEO Rick Helfenbein said: "We applaud the decision to remove most of the equipment and machinery used in our domestic textile, apparel, and footwear manufacturing that were proposed by the administration in April. As we have shared levying a tariff on these items would have increased costs for domestic manufacturers across our industry, leading to higher prices and lower sales.
“At the same time, we remain deeply concerned. Any new tariffs present an immense burden for the American people. Further, China has already made clear that it will retaliate swiftly. China previously identified almost $1 billion worth of American cotton exports to China as a target, which will hurt American farmers and US textile manufacturers, and add costs to our supply chains."
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