Source link : https://asia-news.biz/asia/myanmar/us-tariffs-harming-myanmar-garment-industry-analysis/
The United States’ recent surge in protectionist trade policies is sending shockwaves through Myanmar’s vital garment industry, threatening the livelihoods of hundreds of thousands of workers and undermining the country’s economic stability. As tariffs rise and import restrictions tighten, Myanmar’s apparel exports-the backbone of its manufacturing sector-are facing unprecedented hurdles in accessing key American markets. This analysis from Eurasia Review explores how the “tariff trap” imposed by US protectionism is crippling Myanmar’s garment sector, examining the broader implications for the Southeast Asian nation’s development and global trade relations.
Impact of US Tariffs on Myanmar’s Garment Export Economy
US-imposed tariffs on Myanmar’s garment exports have delivered a significant blow to an industry that once drove economic growth and employment in the country. These tariffs, introduced under the guise of protecting domestic manufacturers, have inadvertently exacerbated the economic hardships faced by thousands of garment workers in Myanmar. The levies have led to increased production costs for exporters, reducing their competitiveness in the global market and prompting many international buyers to shift orders to neighboring countries like Vietnam and Bangladesh. The subsequent decline in demand has forced factories to cut back operations, resulting in widespread layoffs and shrinking incomes for vulnerable workers who rely heavily on the…
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Author : Olivia Williams
Publish date : 2025-06-28 00:45:00
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