President Trump’s decision to impose tariffs on apparel manufacturing nations including India, are set to trigger a major reset of global supply chains and will likely lead to higher retail clothing prices in the United States, according to Pallab Banerjee, MD & Group President of apparel manufacturer Pearl Global Industries.Banerjee clarified that the burden of tariffs will not fall on exporters like Pearl Global, but on retailers and brands importing goods into the US. He added that retailers will likely pass on these additional costs to consumers over the coming months.
