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0 0 -0.0036641221374045 -0.00259541984732827 0.00916030534351158 0.0132824427480917 0.0152671755725191 0.0232061068702292
Stock impact report

US import tariffs will harm global apparel market [Yahoo! Finance]

Abercrombie & Fitch Company (ANF) 
Last abercrombie & fitch company earnings: 3/4 07:30 am Check Earnings Report
US:NYSE Investor Relations: abercrombie.com/shop/us
Company Research Source: Yahoo! Finance
Economists say levies of between 10% and 50% have dramatically added to the risk of a worldwide downturn. The wider apparel sector worries of the impact to supply chains as all countries were hit with a 10% tariff hike and others - many of which are key apparel exporters to the US - were impacted with steeper duties. GlobalData apparel analyst Alice Price comments the tariffs will have "significant ramifications on the apparel market," especially as major manufacturing hubs like China, Vietnam, and Bangladesh have been hit with rates as high as 54%. "With the US having the largest apparel market globally, these tariffs will hugely impact global players like Abercrombie & Fitch and Nike, which have very diverse supply chains and import huge quantities into the country, while value players like Shein will see their low-cost propositions rocked. Players importing into the US will therefore have to find ways to offset these higher costs, and consumers may expect availability issues Show less Read more
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