Breitbart
US buyers have begun halting orders from Bangladesh, the world’s second-biggest garment manufacturer, after punishing US tariffs that pushed the government in Dhaka to plead on Monday for a three-month pause to the levies.
Textile and garment production accounts for about 80 percent of exports in Bangladesh and the industry has been rebuilding after it was hit hard in a student-led revolution that toppled the government last year.
US President Donald Trump hit Bangladesh with biting new tariffs of 37 percent on Wednesday, hiking duties from the previous 16 percent on cotton products.
Reports of the swift biting impact come as interim leader Muhammad Yunus pleaded with Trump to “postpone the application of US reciprocal tariff measures”, the government said in a statement. more
Ohh nooooes… where will all the social media influencers get their lycra clothing from?
So we are supposed to feel sorry for other countries running into economic troubles now because of Trump’s tariffs when the US has been hit economically by other countries’ tariffs for decades.
Would be glad to see cotton production moved back to the USA providing they block adding fireproofing chemicals to all cotton products. Another gov fiasco regulation because parents are too stupid to let their kids playing with lit candles in their jammies.