Donald Trump, president of the United States, defended his conservative tariff plan on Sunday, stating that his goal is to boost British production of defense and high-tech goods and no revive the nation’s textile sector. Before boarding the Air Force One in New Jersey, Trump told investigators,” We’re never looking to make shoes and T-shirts. We want to produce defense products. We want to produce significant items. We want to make, and that is what we do.” We want to make the AI thing,” Bessent said in response to Treasury Secretary Scott Bessent’s remarks on April 29. He downplayed the necessity of a “booming cotton market.” The National Council of Textile Organizations quickly criticized that sentiment, but Trump responded by saying that his main focus is on producing important goods like ships and computer chips. Trump continued,” I’m not looking to make boots. ” We can do that very properly elsewhere,” says the statement.
The American Apparel & Footwear Association ( AAFA ), which claims that additional tariffs would hurt the already constrained US apparel industry, has criticized Trump for prioritizing military and technological goods. We need to concentrate on common sense solutions, according to AAFA president Steve Lamar in a statement,” with 97 % of the clothes and shoes we wear being imported, and clothes and shoes already the most highly tariffed industry in the US.” Trump’s comments come as he revives violent business speech by calling on Friday for a 50 % tax on European Union goods starting on June 1.” More tariffs will simply mean higher type costs for US manufacturers and higher prices that will harm lower income consumers. He also made a possible 25 % tax on all US-produced smartphones, which could have profound effects on tech giant Apple and American users. Trump, however, extended the EU tax timeframe to July 9 on Sunday in response to his desire to facilitate further negotiations with the bloc’s 27-nation bloc.
