
Sign up to save your podcasts
Or
America's textile industry has famously declined over the years, with a bunch of production moving to lower-cost places like China, Vietnam, and Bangladesh. Now, with the Trump administration imposing heavy tariffs on exports from these countries, the US clothing industry is facing another big shock. In this episode we speak with Sarah LaFleur, founder and CEO of M.M.LaFleur, which makes high-quality work clothing for women (Tracy is a big fan). She walks us through what the past month has actually been like for a smaller clothing business trying to understand and deal with the tariffs. We talk about the conversations she's been having with mills and factories in China, how the tariffs are already impacting future seasons of clothing, the scramble to secure space on ships before the tariffs hit, and how businesses actually pay the new taxes.
Read more: A New ‘China Shock’ Is Destroying Jobs Around the World
One Ship, $417 Million in New Tariffs: The Cost of Trump’s Trade War
Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox — now delivered every weekday — plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots
See omnystudio.com/listener for privacy information.
4.5
15331,533 ratings
America's textile industry has famously declined over the years, with a bunch of production moving to lower-cost places like China, Vietnam, and Bangladesh. Now, with the Trump administration imposing heavy tariffs on exports from these countries, the US clothing industry is facing another big shock. In this episode we speak with Sarah LaFleur, founder and CEO of M.M.LaFleur, which makes high-quality work clothing for women (Tracy is a big fan). She walks us through what the past month has actually been like for a smaller clothing business trying to understand and deal with the tariffs. We talk about the conversations she's been having with mills and factories in China, how the tariffs are already impacting future seasons of clothing, the scramble to secure space on ships before the tariffs hit, and how businesses actually pay the new taxes.
Read more: A New ‘China Shock’ Is Destroying Jobs Around the World
One Ship, $417 Million in New Tariffs: The Cost of Trump’s Trade War
Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox — now delivered every weekday — plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots
See omnystudio.com/listener for privacy information.
1,183 Listeners
398 Listeners
443 Listeners
2,174 Listeners
992 Listeners
346 Listeners
3,072 Listeners
931 Listeners
2,288 Listeners
968 Listeners
806 Listeners
2,000 Listeners
191 Listeners
60 Listeners
31 Listeners
411 Listeners
156 Listeners
2 Listeners
274 Listeners
55 Listeners
2 Listeners
50 Listeners
7 Listeners
195 Listeners
11 Listeners
232 Listeners
14 Listeners
52 Listeners
79 Listeners
373 Listeners
96 Listeners
55 Listeners