Apparel brands grappling with ‘tariff hell,’ says Canadian industry group

News Snapshot:

While the U.S. hasn’t directly targeted Canadian fashion companies, many countries that manufacture their products face steep tariffs that are likely to drive up prices, destroy old trade relationships, and make supply lines less certain. Canadian fashion brands are grappling with the impact of Washington's steep new tariffs on garment-making hubs like China, India and Vietnam. "One of my members called this 'tariff hell,'" said Bob Kirke, executive director of the Canadian Apparel Federation. Retail groups in the U.S. have similarly warned that tariffs on Asian countries, where most American clothing is manufactured, will mean a steep uptick in prices...