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US trade bodies opposed tariff hike in RMG imports 5 countries

BTJ Desk Report
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US trade bodies opposed tariff hike in RMG imports 5 countries

Four major American trade bodies, including the American Apparel and Footwear Association (AAFA), the National Retail Federation (NRF), the Retail Industry Leaders Association (RILA), and the United States Fashion Industry Association (USFIA), have collectively opposed the suggestion to impose higher tariffs on apparel imports from Bangladesh and four other countries. They emphasized that such tariffs would ultimately burden end-consumers with additional costs.

In a letter to David Johanson, chair of the US International Trade Commission (USITC), these associations expressed strong disagreement with the proposal to raise tariff rates on imported apparel items. They highlighted the significant role played by Bangladesh, India, Indonesia, Cambodia, and Pakistan in the apparel supply chain and stressed the competitiveness of these countries despite their ineligibility for duty-free treatment under the generalized system of preferences (GSP).

The letter emphasized that higher tariffs would increase costs for US businesses and consumers, rather than impacting foreign exporters. The trade bodies represent hundreds of members with sales amounting to several trillion dollars annually. They urged against imposing tariffs, citing the potential negative consequences on the US retail industry and consumers.

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