Reported 2 months ago
Steve Lamar, CEO of the American Apparel & Footwear Association, discusses the limited options US retailers face regarding potential tariffs proposed by President-elect Donald Trump. He emphasizes that returning production to the US is not feasible, leading retailers to seek alternatives. Higher tariffs are likely to increase consumer prices across various imports, and Lamar suggests exploring circular economy initiatives, such as repurposing used clothing, to mitigate some of these impacts.
Source: YAHOO