Trump’s Victory Signals New Challenges for Asian Garment Industry Amid Potential Tariff Hikes

Donald Trump’s election victory and proposed tariffs of up to 60% on Chinese goods could increase costs for U.S. apparel companies, raising prices and potentially reducing consumer demand. While this poses challenges, it may also benefit manufacturers in Vietnam and Bangladesh as brands diversify away from China, though Bangladesh remains disadvantaged by standard U.S. tariffs.