Tag : WTO
US tariffs 'catastrophic' to UK-made fashionSubscription
UK manufacturers and brands have told Drapers they will be unable to absorb the impending 25% tariff on UK clothing exported to the US, and job losses are likely to result.
UKFT warns exporters will be hit by tariffs Subscription
The government has failed to protect exporters and manufacturers in the UK by hitting them with tariffs of up to 12% in the event of a no-deal Brexit, the UK Fashion and Textile Association (UKFT) has warned.
Retailers and suppliers have said price rises are likely in the event of a no-deal Brexit, as uncertainty about the UK’s trading relationships with the European Union and the rest of the world continued this week.