The proposal for a 46% tariff on garments from Vietnam raises concerns about consumer pricing and manufacturing viability. For instance, a jacket priced at $100 could see an additional $46 charge. The efficiency of production in the U.S. is also questioned, particularly regarding the iPhone, with much of its components sourced globally, primarily from China. Industry experts emphasize the lack of qualified labor in the U.S., which could lead to higher production costs. Contrarily, the White House asserts confidence in Americaâs workforce capacity, despite conflicting opinions from tech leaders like Appleâs CEO.
"If that jacket were $100, it would be at least $46 more," explained Lance Hastings of the California Manufacturers and Technology Association.
"I think 90% is a reasonable number, almost double," predicted Stephen Levy of the Center for Continuing Study of the California Economy.
"Our big limiter here is the workforce. We just haven't been training people for these roles," said Adam Balogh.
Tim Cook said, 'In the U.S., you could have...'
Collection
[
|
...
]