Trade war between USA and China hits right into fashion
Donald Trump tariff increase starting September 1st, represents 77% of textiles, garment and footwear, according to the spokesperson of the sector in United States.
Fashion in the eye of the hurricane of trade war. 77% of the textiles, garments and footwear categories that United States imports from China, will be affected with a rise of 10% in its tariffs starting September 1st, according to the American Apparel&Footwear Association (Aafa).
The American government stated last week that some articles will be excluded of the first list of tariff rises and will be postponed to mid-December. However, the American fashion industry is complaining that it’s still part of most of the categories with the rises, like garments valued in 39 billion dollars.
“By no means is this a win or a de-escalation, the administration is imposing an additional 10% tax on USA businesses and USA consumers. This is a tax that will hurt every American. Contrary to the headlines, the Grinch has stolen the Christmas selling season for our industry", stated Rick Helfenbein, president and CEO of Aafa.
Wolverine Worldwide, one of the footwear giants, owner of Merrell, Saucony, Sperry o Keds, has started to analyze the transfer of part of its production in China due to the impact of the tariff rise. The company that started a diversification plan for its sourcing its being forced to speed.
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