Fashion's New Trade Crisis: How Brands Are Scrambling to Navigate Trump's Tariffs
International Trade attorney Antonia Tzinova was quoted in a Glossy article discussing how newly imposed tariffs on Chinese imports will affect the fashion industry. Established under the International Emergency Economic Powers Act (IEEPA), these duties could force fashion brands to consider strategies such as tariff engineering or shifting production to alternate countries. Smaller brands, lacking resources, may struggle to adapt to the complex trade environment and potential retaliatory actions from other nations. Ms. Tzinova explained how the new costs compound ones already in place.
"The newly imposed International Emergency Economic Powers Act duties apply on top of existing tariffs, meaning some Chinese imports could now face a combined duty of over 45 percent," she said. "For example, a product with a 10 percent general duty rate that was already subject to an additional 25 percent tariff under Section 301 will now incur an extra 10 percent duty under IEEPA, bringing the total to 45 percent."
READ: Fashion's New Trade Crisis: How Brands Are Scrambling to Navigate Trump's Tariffs