Blog: Leonie BarrieIndustry watches currency issue closely

Leonie Barrie | 4 October 2010

A bill that would give US companies the ability to defend themselves against currency manipulation - with China the most likely target - last week edged closer to becoming law after an overwhelming vote in its favour last week by the US House of Representatives.

The Currency Reform and Fair Trade Act would enable US companies to defend themselves using countervailing duties and anti-dumping law against countries that manipulate their currency.

Not surprisingly, it has divided textile makers and apparel importers over its ability to create jobs and economic growth – or whether it simply primes the US and China for a widening trade war. China for its part has slammed the US for resorting to double standards, in a move that exemplifies the escalating trade tensions between the two countries.

Click on the following links to read more.

Industry concerns continue as currency bill progresses

Currency bill escalates China-US trade tensions


BLOG

Why digital supply chains are top of mind

Confirmation that digital supply chains are top of mind for apparel industry executives came last week with the latest plans from global sourcing specialist Li & Fung....

BLOG

Navigating global political frictions and economic uncertainty

As a barometer of the issues top of mind for apparel sourcing executives, it is hard to beat the annual Prime Source Forum in Hong Kong. ...

BLOG

Trump and Brexit generate more confusion

Over the past month, Donald Trump and his team failed to offer any clear plan to ensure Americans would "Buy American, Hire American" - while the British government's attempts to clarify the specifics...

BLOG

Bangladesh works to resolve labour activist issues

The Bangladesh government was forced to respond late last week to pressure over its crackdown on labour activists after a number of global brands and retailers, including H&M and Inditex announced pla...

just-style homepage



Forgot your password?