Fashion
Tariffs and crises reshape Asia’s apparel sourcing landscape
A Trio of Crises Converge
The shockwave began in late August ****, when Washington’s tariff surge on Indian goods took effect, lifting total duties on many categories to as high as ** per cent and detonating peak-season planning. Overnight, United States (US) programmes out of India had to be re-costed, dual-sourced, or abandoned. Negotiators had earlier explored cutting the rate to roughly ~** per cent, but those talks did not yield a deal; planners must treat ** per cent as current law until changed. The impact extends beyond apparel into footwear, gems & jewellery, furniture and chemicals.