IAF explains that clothing and textiles are among the most globalized industries, historically fundamental to industrial development around the world, so that steep prices represent a direct and not caused threat to these industries.
The IAF supports the announcement of US President Donald Trump on April 9 to have a suspension of 90 days of “reciprocal” prices for all nations except China. However, he adds that the prices announced on April 2 have given the highest rates to countries that depend strongly on clothing exports to the United States.
An IAF declaration reads as follows: “The IAF welcomes the decision to suspend a large part of these punishing prices. However, the continuous application of punitive prices on imports from China, one of the largest exporters of world clothing, remains deeply worrying and underlines the real and continuous risk of climbing the price for other nations. “
All countries with the exception of China are currently facing a basic rate rate of 10% in the United States. However, once the price break of 90 days of Trump ends The goods of the European Union will face an obligation of 20%, India will be faced with an increase of 26% of prices, the prices of Thailand on exports to the United States will be 36% and Cambodian products will be subject to an increase of 49%; While those in Bangladesh face an increase of 37%.
Imports from Pakistan will lead to a 29% increase in prices, and Myanmar imports will see a similar increase of 49%. The United Kingdom faces a 10% increase in prices.
Chinese export prices to the United States are not interrupted and is currently 145% after China imposed 125% on American exports to China.
The IAF expressed its concern that if these reciprocal prices continue after the 90-day break, it could destabilize economies and threaten jobs and businesses in the world clothing sector, including in the United States.
The organization stresses that no resilience strategy of the supply chain can withstand such price taxes. He called on the industry to reduce its sensitivity to sudden political changes by widening the basis of competitiveness beyond simple cost considerations.
In addition, the Federation recommends robust and sustainable supply chains based on long -term partnerships and mutual dependence rather than volatile trade policies.
The IAF declares: “We imply that future commercial negotiations have reasonable objectives and that the punishing prices on clothing do not return. Many countries extented to clothes do not have the national purchasing power to considerably increase imports from the United States, which will not be realistic and unreasonable to demand a high commercial performance of the commercial production of the production of devices.
