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

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!