Trump should 'get rid of tariffs,' says retail industry body [CNBC]
Gildan Activewear, Inc. Class A Sub. Vot. (GIL)
Last gildan activewear, inc. class a sub. vot. earnings: 4/29 04:15 pm
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Source: CNBC
As retailers worldwide come under the threat of the coronavirus outbreak, an industry body in the U.S. has called on President Donald Trump to remove elevated tariffs placed on Chinese goods. Those tariffs were implemented over the last two years when the U.S. and China hit out at each other in a trade war. They brought average U.S. tariffs on Chinese goods up from 3.1% at the start of 2018 to 19.3% this month, and Chinese tariffs on U.S. goods from 8% to 20.3% during the same period, according to the Peterson Institute for International Economics. Many companies, analysts and investors have criticized Trump's decision to raise tariffs, arguing that those levies were a tax on U.S. consumers and businesses — and that they are not paid by China as the president has claimed. The tariffs are now an added pressure on retailers at a time when the new coronavirus disease — also called COVID-19 — has threatened to keep consumers at home and reduce spending , said Steve Lamar, president and ch
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GIL
Earnings
- 10/31/24 - Beat
GIL
Sec Filings
- 12/4/24 - Form SC
- 11/25/24 - Form 6-K
- 11/21/24 - Form 6-K
- GIL's page on the SEC website