Last year, the US market accounted for 8% of textile exports and earned about 500 million euros.
Textile entrepreneurs are concerned about US tariffs, which came into force on Thursday. Some customers have already reduced the number of orders and the sector association warns that there may be thousands of discharge.
Last year, the US market accounted for 8% of textile exports: about 500 million euros entered the coffers of national companies. With 15% tariffs imposed by the United States, everything can change.
The association that represents professionals in the sector warns that, in Portugal alone, ten thousand people may lose their jobs over the next two years.
The United States agreed with Brussels at the end of last month. Donald Trump imposed 15% rates on the importation of European products.
The government says it is attentive, and in recent days has received 30 business associations that export to the United States. The textile sector argues that it is necessary to do more.
Throughout the country there are over six thousand companies in the textile and clothing sector. Banco de Portugal’s latest data indicate that two years ago The sector earned more than eight billion euros.
