We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Sep 21, 202012:49am

Trade war hits fashion: Chinese exports drop 25% in first half

After Donald Trump approved tariff rises, textile exports from China have fallen 25% in the first half of 2019.

Nov 6, 2019 — 4:00pm
mds
Save

Trade war hits fashion: Chinese exports drop 25% in first half

 

 

Exports of textile, apparel, accessories and leather goods to the United States plummeted 20%, according to a United Nations report. “United States consumers are paying for the tariffs …in terms of higher prices,” stated Alessandro Nicita, an economist at the UN trade agency.  

 

Trade war between the United States and China begins to have consequences in the fashion industry. In total, China’s exports to the United States stood at 35 billion dollars (32 million euros), with a 25% decline compared to the same period last year.

 

During the first six months of the year, the main destinations of Chinese exports were Bangladesh, with sales of 300 million dollars (270 million euros); the European Union, with 66 million (59 million euros); the Republic of Korea, with 48 million (43 million euros); Mexico, with 47 million (42 million euros) and India, with 41 million (36 million euros).

Advertising
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...