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Tariffs will make sneakers, jeans and almost everything Americans wear cost more, trade groups warn [Yahoo! Finance Canada]

Gap, Inc. (The) (GAP) 
US:NYSE Investor Relations: greatatlanticinc.com
About 97% of the clothes and shoes purchased in the U.S. are imported, predominantly from Asia, the American Apparel & Footwear Association said, citing its most recent data. Walmart, Gap Inc., Lululemon and Nike are a few of the companies that have a majority of their clothing made in Asian countries Those same garment-making hubs took a big hit under the president's plan to punish individual countries for trade imbalances. For all Chinese goods, that meant tariffs of at least 54%. He set the import tax rates for Vietnam and neighboring Cambodia at 46% and 49%, and products from Bangladesh and Indonesia at 37% and 32%. Working with foreign factories has kept labor costs down for U.S. companies in the fashion trade, but neither they nor their Read more
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