The UK Fashion and Textile Association (UKFT) has requested Liz Truss, Secretary of State for International Trade, to resolve the dispute regarding additional tariffs imposed on 17 fashion and textile products exported the country to the US.
The US authorities have confirmed 17 fashion and textile product lines will continue to be hit with an additional 25 per cent tariff. The tariffs were first introduced in October 2019 as part of a long running dispute between the US and the EU over subsidies to the aircraft industry. Adam Mansell, CEO, UKFT, termed the impact of additional tariffs as been devastating for UK manufacturers selling to the USA. Mansell urged the government to take direct action now to support the manufacturing industry.
Simon Cotton, CEO, Johnstons of Elgin, expressed disappointment over the tariffs as they continue to punish the ondustry for a dispute which is completely outside of its control.
Bill Leach, Global Sales Director, John Smedley, said these tariffs have forced John Smedley to absorb this punitive cost in order to maintain the ongoing retail pricing of its collection and its existing proposition to its valued customers and clients in the US market. As a result, the brand has experienced significant margin and profit.