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First Capital forecasts apparel sector may lose $110-290 m from US tariffs
Daily FT
|July 28, 2025
Warns employment rate could reduce by 11% in apparel sector
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FIRST Capital Research (FCR) is forecasting a loss of $ 110 million to $ 290 million in the short-to-medium term for the export apparel sector on account of the high US tariff.
In a special report on the US tariff, FCR said according to industry experts, 60% to 70% of apparel exports are value-added products that require advanced skills and training. However, due to the simplicity of the sewing process, orders can be transferred within six months.
Dit verhaal komt uit de July 28, 2025-editie van Daily FT.
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