Perspectives are varied, and it is not an open-and-shut case against US Prez Donald Trump as his political opponents would have us believe. The tariff calculations could be questionable and the unilateral announcement should be decried, but what’s amply clear is this: trade will never be the same again.
There is feasibility and value in engaging in circular, textile-to-textile recycling systems for cotton, as also benefits for all involved stakeholders, affirms Accelerating Circularity's much-anticipated Global Cotton Report.
US apparel-fashion importers are increasingly diversifying their sourcing base following the deteriorating US-China bilateral relationship and there’s mounting concern at the uncertain macroeconomic outlook, according to the just-released Benchmarking Survey by the United States Fashion Industry Association.
Punitive tariffs imposed by the US on apparel, footwear, travel goods and furniture imported from China have failed to make a significant negative impact on Chinese exporters. The additional cost burden associated with the tariffs is instead being passed on to the final consumer — the American family.
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