The reciprocal tariffs announced by the US administration may mark a major shift in $61 billion of apparel sourcing from Asia.
With steep hikes in effective tariffs—up to 77 per cent for China—Asia’s dominance may wane, benefiting low-tariff regions like Mexico, South America, and parts of the Middle East.
India stands to gain with relatively lower tariffs and ongoing trade talks.
With steep hikes in effective tariffs—up to 77 per cent for China—Asia’s dominance may wane, benefiting low-tariff regions like Mexico, South America, and parts of the Middle East.
India stands to gain with relatively lower tariffs and ongoing trade talks.
