Wall Street’s U.S. multinationals moved the majority of U.S. apparel manufacturing to southeast Asia for the past several decades; as a result they virtually wiped out major apparel hubs in the United States. Now those same multinationals are claiming their production shift to making masks and PPE in China means the tariffs on imports should be lifted; and they are sending their corporate lobbyists into DC to pitch that message.
There are no tariffs on U.S. healthcare products made in the USA. If the apparel industry wants to avoid tariffs, then bring the manufacturing back home. Critical manufacturing in the United States is what U.S. consumers of those and other goods want.
President Trump should not lower tariffs on imported PPE, he should actually raise those tariffs as high as needed to shift that manufacturing back to the U.S.
The time is now to wage battle against the Wall Street manufacturers & K-St lobbyists.
WASHINGTON (Reuters) – The Trump administration is “turbocharging” an initiative to remove global industrial supply chains from China as it weighs new tariffs to punish Beijing for its handling of the coronavirus outbreak, according to officials familiar with U.S. planning.






