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

Covid sparks calls for more responsible industry

The coronavirus pandemic is seen as triggering a set-back for labour rights in apparel supply chains, with workers left vulnerable as brands and retailers cancelled orders. But it could also lead to r...

BLOG

Retail in spotlight as bankruptcies stack up

The impact of the coronavirus (Covid-19) pandemic is starting to be felt more heavily across the retail sector with more bankruptcies emerging....

BLOG

Excess inventory adds to apparel industry woes

With spring/summer now a write-off for most fashion retailers, the resulting flood of excess inventory is set to add to industry woes, with discounting and margin erosion likely to lead to widespread ...

BLOG

Labour rights set to worsen across Asia’s garment sector

Labour rights are set to worsen in Asia's garment sector as the coronavirus pandemic continues to spread across the region – with knock-on implications for fashion companies trying to maintain supply ...

just-style homepage



Forgot your password?