Stalin
Well-Known Member
- Joined
- Apr 4, 2008
- Messages
- 2,971
beware the law of unintended consequences...
we can all see us citizens flocking to work in factories that pay $2.6 per hour
"..The global fashion industry was left stunned on Wednesday after US President Donald Trump announced the highest and most comprehensive tariffs in nearly a century, with the most severe levies reserved for some of the biggest apparel manufacturing hubs.
In an address from the White House rose garden, Trump announced a baseline tariff of 10% on all imported goods. However, tariffs were set significantly higher on roughly two dozen countries where the US runs a trade deficit, with many of the fashion industry’s biggest production centers among them.
Goods from Vietnam — the second-biggest apparel exporter to the US after China — will be subject to a 46% tariff, Cambodia will have a 49% duty and Bangladesh 37%. China will be subject to a new 34% tariff on top of the previously announced duties, raising its tariff rate to 54%, and the EU will be hit with a 20% duty.
“We are deeply disappointed by the Trump Administration’s decision to impose new tariffs on all imports,” the trade group United States Fashion Industry Association said in a statement. “This action will particularly affect American fashion brands and retailers.”
Fashion stocks immediately plunged in after-hours trading, with Lululemon shares dropping over 10%, Nike’s and Ralph Lauren’s falling 7% and Tapestry, Capri and PVH Corp. down around 5%. The declines exceeded a nearly 4% dip in S&P 500 futures.
comrade stalin
moscow
we can all see us citizens flocking to work in factories that pay $2.6 per hour
"..The global fashion industry was left stunned on Wednesday after US President Donald Trump announced the highest and most comprehensive tariffs in nearly a century, with the most severe levies reserved for some of the biggest apparel manufacturing hubs.
In an address from the White House rose garden, Trump announced a baseline tariff of 10% on all imported goods. However, tariffs were set significantly higher on roughly two dozen countries where the US runs a trade deficit, with many of the fashion industry’s biggest production centers among them.
Goods from Vietnam — the second-biggest apparel exporter to the US after China — will be subject to a 46% tariff, Cambodia will have a 49% duty and Bangladesh 37%. China will be subject to a new 34% tariff on top of the previously announced duties, raising its tariff rate to 54%, and the EU will be hit with a 20% duty.
“We are deeply disappointed by the Trump Administration’s decision to impose new tariffs on all imports,” the trade group United States Fashion Industry Association said in a statement. “This action will particularly affect American fashion brands and retailers.”
Fashion stocks immediately plunged in after-hours trading, with Lululemon shares dropping over 10%, Nike’s and Ralph Lauren’s falling 7% and Tapestry, Capri and PVH Corp. down around 5%. The declines exceeded a nearly 4% dip in S&P 500 futures.
Average Salary in Cambodia: 2025 Update
Understanding Salaries and Minimum Wage in Cambodia (2025) In 2025, the average salary in Cambodia will be 3,621,500 KHR per month ($905.38). But salaries
ips-cambodia.com
comrade stalin
moscow
