High tariffs cut US apparel imports value from China in May by 52 per cent YoY, USITC data show.
China’s market share in US apparel imports in May also dropped to 9.9 per cent, a new low in decades.
Due to reciprocal tariffs, the average tariff rate for US apparel imports grew to 23.8 per cent in May, up several points from the already record-setting 20.8 per cent seen in April, a US academic said.High tariffs cut US apparel imports value from China in May by 52 per cent YoY, USITC data show.
China’s market share in US apparel imports in May also dropped to 9.9 per cent, a new low in decades.
Due to reciprocal tariffs, the average tariff rate for US apparel imports grew to 23.8 per cent in May, up several points from the already record-setting 20.8 per cent seen in April, a US academic said.
