The new agreement between the three countries, named as Usmca, will substitute the former free trade agreement after a year of negotiations. It contemplates a reduction of textile and garment quotas that don’t comply with the rules of origin.
The Asian country, main consumer of this raw material worldwide, could continue shaking up the market after applying tariffs to US cotton, the largest exporter globally.
Levi Strauss, Gap, Nike, VF Corporation, PVH, Michael Kors or Ralph Lauren, with a strong dependence on China in its supply chain, could see their margins reduced by the new tariff policy of their country.
The fear to trade wars and the increase on populist political parties, together with a greater uncertainty surrounding emerging economies will be some of the factors with a bigger impact on the financial system.
News on the latest macroeconomic indicators related to the textile- and fashion industry worldwide.