MORRISTOWN, New Jersey: US President Donald Trump said on Monday his tariff policy was aimed at promoting the domestic manufacturing of tanks and technology products, not sneakers and T-shirts.
Speaking to reporters before boarding Air Force One in New Jersey, Trump said he agreed with comments from Treasury Secretary Scott Bessent on April 29 that the US does not necessarily need a “booming textile industry” - comments that drew criticism from the National Council of Textile Organisations.
“We’re not looking to make sneakers and T-shirts. We want to make military equipment. We want to make big things. We want to make, do the AI thing,” Trump said. “I’m not looking to make T-shirts, to be honest. I’m not looking to make socks. We can do that very well in other locations. We are looking to do chips and computers and lots of other things, and tanks and ships,” Trump said. The American Apparel & Footwear Association said in response to Trump’s remarks that tariffs were not good for the industry.
“With 97 percent of the clothes and shoes we wear being imported, and with clothes and shoes already the most highly tariffed industry in the US, we need to focus on common sense solutions that can move the needle,” AAFA President Steve Lamar said in a statement. “More tariffs will only mean higher input costs for US manufacturers and higher prices that will hurt lower income consumers.” Trump, who has upended world markets with the broad imposition of tariffs, revived his harsh trade rhetoric on Friday when he pushed for a 50 percent tariff on European Union goods starting June 1 and warned Apple AAPL.O he may impose a 25 percent levy on all imported iPhones bought by US consumers.