The implementation of commercial barriers in the Uited states, suspended for 90 days by Donald Trump, with the exception of a 10% tax for all countries, except China, subject to duties of 125%, is the Shakal clothing industry, particularly in Europe. Although French brands ready to use fear the impact of an additional 20% tax on their collections on the Atlantic, they also fear an influx of Asian origin products in Europe. To compensate for the probable decrease in their sales in the US. Due to the increase in Washington tariffs, actors in the Vietnam, Cambodia and Bangladesh industry could resort more and more to Europe.
Before a structural decrease in the consumption of clothing in Europe and an erosion of their profitability, French manufacturers and distributors expressed their concerns to the government and President Emmanuel Macron during the meeting held at the Elysee Palace, on April 3. Abundance of supply, would exacerbate the difficulties facing the French clothing sector.
“It is likely that manufacturers whose usual markets will be closed in the United States to resort to the European Union to find new points of sale and take their prices to keep their factories in operation,” François-Marie Grau, head of the French analyzed.
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