Trump Tariffs Reshape Apparel Trade
The United States' new reciprocal tariffs have disrupted global apparel trade, heavily penalizing India, reducing China’s relative disadvantage, and enhancing the competitiveness of lower-cost Asian exporters such as Bangladesh and Pakistan. Meanwhile, Central American countries like Honduras and El Salvador now face moderate tariffs of 10 percent, yet remain more competitive than their Asian counterparts due to geographic proximity and lower overall trade barriers.
This report provides a detailed analysis of the impact of the new reciprocal tariffs on apparel exports from emerging countries in Asia and Central America, supported by a series of tables illustrating the shifting competitive landscape.
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