Tariffs threaten to push US clothing prices up by 8 percent

American consumers are bracing for potential price hikes on clothing, with estimates suggesting an increase of around 8 percent due to the tariffs announced this week. This could translate to an extra 7 US dollars on a typical 90 US dollars item like a sweater or jeans. The widespread impact is due to the fact that approximately 97 percent of apparel purchased in the US is sourced from overseas.