US APPAREL SECTOR SEES PRICING DISASTER LOOMING FROM TRUMP TAX PROPOSAL
February 1st, 2017
Fresh from their disappointment in seeing the tariff reductions contained in the Trans-Pacific Partnership (TPP) go down to official defeat with a January 23 executive action by President Donald Trump, the US apparel and footwear sector is bracing itself for even greater cost increases to come. The focus of its sharpened concern is a so-called Border Adjustment Tax (BAT) contained in a Republican package of tax legislation currently under consideration by the US House of Representatives. In theory, it would pay for corporate tax cuts framed in the legislation by ...
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