IMPORT & EXPORT
By Dorothy Crouch, Associate Editor | February 15, 2018
Apparel factories and mills in the Western Hemisphere are still a significant supplier to U.S. retailers that are whittling down their lead times and looking for more just-in-time delivery.
Protectionist talk may be in the air, but imports are still arriving at our doors.
Protectionist talk may be in the air, but imports are still arriving at our doors. With the U.S. economy in its eighth year of recovery, cargo container volumes at the nation’s ports are expected to be at an all-time high as retailers head into the Back-to-School season.
A global cyber attack that affected hundreds of companies and their computer systems crippled operations at A.P. Moller-Maersk, the world’s largest container carrier, headquartered in Denmark. Operations returned to close to normal.
The Trump administration wants to beef up the U.S. Trade Representative’s budget by nearly 6 percent, add staff and launch bilateral negotiations with several major trading partners.
With a Washington, D.C., hearing coming up on June 27 to discuss possible changes to the North American Free Trade Agreement, the U.S. textile industry has put together a wish list of items it would like to see implemented.
With changes in the North American Free Trade Agreement in the wind, Los Angeles blue-jeans factories have been fielding more inquiries from denim labels thinking about switching production from Mexico to California.
The demise of a free-trade agreement between the United States and several Asian countries is breathing new life into the Guatemalan apparel industry.
Days after being sworn in as the new U.S. Trade Representative, Robert Lighthizer will be traveling to Vietnam to attend a meeting of trade ministers from the Asia-Pacific Economic Cooperation countries.
Trade experts were expecting a free-trade agreement between the United States and Europe to be signed, sealed and delivered by the time Barack Obama left the White House. But things didn’t turn out as planned as the political winds in Europe and the United States shifted recently from pro free trade to increased protectionism.
With unemployment hitting extremely low levels and workers’ wages rising, the nation’s ports should see a decent uptick in cargo-container volumes through at least September.
With political and economic change in the wind, longshore workers have agreed to vote on a three-year extension of their current contract expiring July 1, 2019.
With retail sales predicted to inch up around 4 percent this year, cargo container traffic should also see healthy growth this year.
Julie Hughes, president of the U.S. Fashion Industry Association, and Augustine Tantillo, president and chief executive officer of the National Council of Textile Organizations, discussed their group members’ view on everything from a proposed border tax on goods coming from Mexico to the fate of the Trans-Pacific Partnership at a recent live webcast.
A trade war over Europe limiting U.S. beef imports led the Obama administration last year to propose a set of retaliatory tariffs on mostly food-related goods coming from Europe.
President-elect Donald Trump has nominated Robert Lighthizer to become the new U.S. trade representative in charge of the country’s trade policy.