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President Trump’s Tariffs Backfire on US Textile Exporters

DeFi Daily News by DeFi Daily News
August 10, 2025
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President Trump’s Tariffs Backfire on US Textile Exporters
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The tariffs, intended to boost US manufacturing, are instead hurting small exporters like Cocona Labs by raising costs, deterring foreign buyers, and creating uncertainty across supply chains. CEO Jeff Bowman says the tariffs have stalled investments, reduced sales, and forced his team to consider moving operations abroad.

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Tags: backfireDavid WestinexportersJeff BowmanpresidenttariffsTextileTrumps
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