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$10 t shirt
Would love to see the cost breakdown of production and distribution for this. The fashion industry is pretty fucked, relying on terrible labour pay and conditions from the cotton farms all the way through to stitching the final garment.
Crucially though, the margins often get larger the closer they get to the consumer, domestic retail at the point of sale usually taking the most. American firms may well only have to pay a small additional fee on the import of blanks, and then take a hit where they’re doubling the price for domestic consumers. They’ll obviously try and pass through that cost though, not that they need to.
T-shirts aren’t representative of the whole economy but there’s more to it than just ‘tariffs bad’
slippers-
Would love to see the cost breakdown of production and distribution for this.
https://www.youtube.com/watch?v=8CkgCYPe68Q
has a starter and provides sources/citations
jellybaby
Consumers will have a hard time paying $16 for a $10 t shirt when avocados cost $10 because all the fruit and veg pickers have been deported. But this doesn't matter because rich Americans won't be affected. The poor ones can stop buying t shirts and just eat pop tarts.