Insight Report 3 minutes PremiumUS-China Tariff War: Legacy US Apparel Retailers Look Vulnerable to Further Escalation Coresight Research April 9, 2018 Executive Summary The US-China trade conflict is intensifying. On Thursday, April 5, US President Donald Trump stated that the US is considering tariffs on a further $100 billion of imports from China. The tariffs imposed by the US and China have so far been largely restricted to industrial goods, components and automobiles. Import tariffs on selected US food products by China are an exception. A significant risk to US retailers’ margins is the possibility of tariffs on apparel and footwear imported from China. Some 37% of US apparel and textile imports came from China in 2017. In footwear, China accounted for 56% of US imports last year. We think that the highly competitive nature of the US apparel and footwear market would force many midmarket retailers to absorb much of the additional cost if the US were to impose tariffs on apparel and footwear imports from China. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Generative AI Latest: OpenAI and Microsoft Accelerate Innovation—Technology Conference HighlightsUS Consumer Tracker: Shoppers Weigh Holiday Needs Against Health and Weather ConcernsMarket Outlook: UK Grocery—Inflation Drives Value Growth Amidst Volume DeclineEarnings Insights 1Q24, Week 6: Hearing from Burlington Stores, Dollar General, Foot Locker, Kohl’s and More