How Trump’s Trade War Will Boost Clothing Prices

In The Daily Scoop by Lauren Parker, Accessories Magazine

The second year into his presidency, he’s clashing with business leaders, including those from retail and fashion. The current dispute — it’s not Trump’s only disagreement with business leaders — started after the president’s decision in March to impose a 25 percent tariff on imported steel and a 10 percent tariff on imported aluminum. (A tariff, or duty, is essentially a tax placed on goods made overseas, and ultimately consumers pay the price.) At the time, Matthew Shay, president of the National Retail Federation, a trade group representing retailers from the US and other countries, said Trump had an “apparent desire to ignite a trade war.”

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