UPDATE 1-Trump says US wants to make tanks, not T-shirts

Reuters
2025.05.26 04:18
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U.S. President Donald Trump stated that his tariff policy aims to boost domestic manufacturing of military equipment and technology rather than textiles. He emphasized a focus on producing tanks and advanced technology, dismissing the need for a booming textile industry. In response, the American Apparel & Footwear Association warned that increased tariffs could raise costs for manufacturers and consumers. Trump also postponed a proposed 50% tariff on EU goods to allow for further negotiations, reflecting his ongoing efforts to revitalize U.S. manufacturing amid global supply chain dependencies.