Apparel example - how duty-paid cost structure may evolve

https://macro-spectrum.com/storage/podcasts/April2025//y5ydpAJnSpgVLe59gtmwUjeIJ2QbUH-metaTmF2aWdhdGluZyBUYXJpZmZzIChBcHJpbCAyMDI1KS5wZGY=-.pdf