The United States has lost up to 90% of its textile manufacturing capacity over the last 30 years, meaning tariffs on clothing (15-125%) will force consumers to either go without or pay significantly higher prices because there is no domestic substitute capacity.
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Speaker
Richard BernsteinEvidence Quote
“the United States has lost, depending on how you measure it, up to 90% of our textile manufacturing capacity”
Source
The Colossal Mistake | The Danger of Narrow Markets — Practical Lessons from Richard Bernstein— Excess ReturnsCreated: 8/11/2026, 7:31:42 AM
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