Trump’s new trade deal puts Peruvian textile industry at huge risk
According to Peru’s “New World Journal” on January 26, Peruvian economist Jose Carlos Lumbreras believes that the protectionist measures implemented by U.S. President Trump such as imposing high tariffs have weakened the Peruvian textile industry. and agriculture are at great risk. The United States is Peru’s largest foreign market for non-traditional products. In 2016, Peru exported 2,264 batches of non-traditional products to the United States, with an export value of more than US$3.2 billion, accounting for 53% of Peru’s total exports to the United States. In order to cope with the adverse effects of Trump’s new trade policies, Peruvian companies have begun to adopt a variety of measures to diversify their export markets. Trump’s new trade policy puts Peruvian textile industry at huge risk
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