Top stories this week on just-style include a tweet from President Trump announcing that a punitive 10% tariff will be imposed on $300bn worth of US imports from China – including all textiles, apparel and footwear – beginning 1 September, China’s continuing dominance of international textile industry, and a warning that a recent increase in “illegal” strikes in Cambodia could lead to a loss of confidence from buyers.
Trump ramps up trade war with new China tariffs
US President Donald Trump has ramped up his trade war with China by announcing that a punitive 10% tariff will be imposed on a list of $300bn worth of US imports from China – including all textiles, apparel and footwear – beginning 1 September.
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China’s textile leadership continues in new machinery trends
For all the talk of China’s weakening role as a global apparel supplier, one thing’s for sure: it looks set to continue its dominance of the international textile industry. Indeed, new data shows the country remained the world’s largest investor in spinning, texturing, weaving and knitting machinery last year.
From Field to Shelf – Trade wars hit as apparel loses its appeal
The trade struggle between the US and China coincides with a changing apparel market that is getting more complicated and confusing to navigate, writes Robert P Antoshak, managing director of Olah Inc.
US wants WTO to reform developing country status
US President Donald Trump has criticised the World Trade Organization (WTO) for its selection process of “developing countries” adding, in a memo, it was allowing too many countries to claim the status and subsequently gain preferential treatment that is damaging to global trading.
Cambodia strikes hurt investment as EBA loss looms
Cambodia’s garment and footwear manufacturers have been warned that a recent increase in “illegal” strikes is hurting the sector and could lead to a loss of confidence from buyers, at a time when the country risks losing the European Union (EU) ‘Everything But Arms’ (EBA) trade benefits.
US Tariffs are shifting - will you react or anticipate?
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By GlobalData
