HFPA opposes Trump trade initiatives

Border taxes and tariffs will harm textiles industry, association says

New York-The Home Fashion Products Association said President Trump’s proposals to slap taxes and tariffs on imported goods will hurt the U.S. textiles industry and American consumers.

HFPA said it has sent a statement criticizing the proposals to the president, members of the Ways and Means Committee of the House of Representatives, members of the Senate Committee on Finance, Secretary of the Treasury Steven Mnuchin and Secretary of Commerce Wilbur Ross.

“The Trump administration has proposed trade taxes and tariffs including the Border Adjustment Tax, which could have a drastic impact on the home fashions industry and its consumers,” HFPA said. “In fact, Americans for Affordable Products (AAP) estimates that the proposed border taxes on goods including clothing and food could cost the average consumer as much as $1,700 per year.

“Such legislation would negatively impact the industry by increased costs to companies to obtain imported goods, employment rates by job cuts as a cost savings measure and the end consumer by increased costs of final goods to recoup losses.”

Along with issuing the statement, HFPA said its members will talk to their local congressional representatives about the repercussions the proposals would have on U.S. employment rates. “While many home fashions products and their components are made abroad, industry players have significant domestic operations including warehousing, design, marketing and accounting,” the association said. “Companies representing the home fashions industry in the United States employ anywhere from a few dozen up to several hundred individuals.”

Jeff Kaufman, HFPA’s president and president and coo of Avanti Linens, added, “As HFPA is the leading organization in the home fashion industry, we felt it was essential that we proactively issue a statement detailing the severe impact that proposed taxes and tariffs would have not only on our members and the industry but also on consumers.”

Home & Textiles Today Staff | News & Commentary

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