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US fashion industry reeling as new China tariffs loom
2019-08-02 18:29:00| Daily apparel & textile news and comment - from just-style.com
US apparel stocks have taken a battering, while "truly shocking" and "a disaster" are among the first responses to President Trump's tweet that an extra 10% tariff will be imposed on $300bn worth of US imports from China - including all textiles, apparel and footwear - beginning 1 September.
Tags: china
industry
fashion
tariffs
Some brands are mitigating the potential impact of new China tariffs. Here's how
2019-08-02 18:29:00| Daily apparel & textile news and comment - from just-style.com
US apparel brands and retailers may be caught between higher costs and rising prices when it comes to navigating an extra 10% tariff on clothing and footwear imported from China from the beginning of next month - but analysts suggest some are managing to mitigate the potential impacts.
Tags: how
china
potential
impact
Price Impact of Punitive Tariffs on US Apparel Imports from China (Statistical Report)
2019-08-02 18:25:34| EmergingTextiles.com
The US President has decided to apply 10% additional import tariffs on all Chinese products which had been until now exempted, including apparel. Such a move, as of September 1st, could have decisive consequences for the international apparel trade. To assess the price impact, we have selected a specific but essential product and calculated unit prices before and after import duties imposed by US authorities for a series of countries of origin, including China. In this typical case, additional tariffs will have a decisive impact on China, suddenly losing its competitive advantage. US importers will also have to bear the cost, although having already anticipated the next move. Our full table is available for download.
Tags: price
report
china
impact
More tariffs on Chinese goods
2019-08-02 17:08:00| National Hog Farmer
Legislative Watch: More tariffs on Chinese goods; Japan, U.S. meeting on trade; tougher Mexican border inspections; easing Chapter 12 limits; Conaway retiring.
Stock markets drop on new Trump China tariffs
2019-08-02 11:54:27| BBC News | Business | UK Edition
Europe's main indexes fell more than 2% after the US President announced taxes on $300bn of Chinese goods.
Tags: china
stock
drop
markets
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