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American Firms Paid $42 Billion in Tariffs, and That Could Go Higher in 2020

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

American trade policy will likely result in more tariffs in 2020. President Trump’s tariffs have cost American companies $42 billion to date, and that figure could rise higher when new tariffs are put in place. And that’s not a question of if, but when. Already, there have been talks about U.S. retaliatory action over digital…

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