President Donald Trump’s trade policies are set to significantly impact the affordability of clothing in the United States. Tariffs imposed on imports, particularly from China, are expected to raise the cost of basic clothing items such as T-shirts, socks, and sneakers. These tariffs include a 10% minimum tax on all countries and a 145% tax on Chinese imports. Given that 98% of American clothing is imported, with China being the largest supplier, consumers will likely see price increases of up to 65% for clothing and 87% for shoes within the next year. Experts predict that basic clothing necessities will experience the sharpest price hikes, disproportionately affecting low-income shoppers who rely heavily on affordable clothing options.
— new from CNN
