Dhaka, July 8 -- Looming uncertainty and fears of price pressure under the new US tariff regimes have prompted many local apparel suppliers to shift their focus toward alternative markets, such as the European Union (EU) and other non-traditional destinations.
Industry insiders said they are still in the dark about what will happen after July 9, when the 90-day pause on the Trump administration's proposed tariff hike expires.
Many suppliers are struggling to communicate with their US buyers, most of whom are placing orders "cautiously and slowly" due to the prevailing uncertainty.
Some suppliers have already started utilising their production capacity to cater to other markets, primarily in the EU.
Talking to the FE, Sayeed Ahmad Chow...
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