FINANCE
What the Apparel Industry Should Know to Navigate Some Choppy Seas
By Christian Chensvold, Associate Editor | March 8, 2024
The California Apparel News recently checked in with Robert Krieger, president of logistics company Krieger Worldwide—“a kind of travel agent for cargo,” as he puts it—to give us the outlook on shipping as it relates to the apparel industry and the challenges that lie ahead.
NAFTA Turns Into a Three-Way Deal With a New Name
With the last-minute announcement on Sept. 30 that Canada would be joining the free-trade agreement with the United States and Mexico, there will be a new North American Free Trade Agreement covering about $12.5 trillion in trade.
How Tariffs on Chinese Products Are Affecting the Manufacturing and Retail Community
Now that the Trump administration’s $200 billion of additional tariffs have gone into effect on thousands of Chinese imports, the apparel and retail industries are figuring out what to do next. Covered in this round of tariffs are buttons, bobbins, yarns, embroidery, textiles, handbags and leather. Apparel is not part of the equation yet.
Trump Administration to Impose $200 Billion in New Chinese Tariffs
Trump administration will impose tariffs on $200 billion worth of Chinese goods as of next week.
Tariff Threat Pushes Importers to Bring in Cargo Early
There is nothing like the prospect of tariffs on Chinese goods to nudge importers to bring in their merchandise a little early to avoid a hefty increase in prices.
Apparel Production in Mexico Will Change Slightly Under NAFTA 2.0
The renegotiated free-trade deal between the United States and Mexico has a new name and a new set of rules that will make it a little more difficult to manufacture apparel in Mexico.
Apparel Would Benefit From Propose U.S. Free-Trade Agreement With EU
After months of talking about slapping tariffs on various imports from China, Canada and Mexico, the Trump administration announced it would like to start negotiations with the European Union to eliminate tariffs between the two regions.
New Proposed Tariffs on Chinese Imports Hit Textiles and Handbags
The latest round of proposed tariffs on Chinese imports has the apparel world wondering if it is time to shift its manufacturing from the country that for decades has been known as the apparel factory to the world.
A Budding Trade War Could Harm a Growing U.S. and California Economy
Despite rumblings of a trade war, the U.S. economy is marching forward at a nice pace as the U.S. unemployment rate hits a low not seen for almost 50 years.
Tariff War With China Hits California Cotton Market
In the latest salvo in the tariff war between the United States and China, the U.S. cotton industry is expected to receive a direct hit as China piles on an additional 25 percent tariff on U.S. uncombed-cotton imports.
Tariff War Heats Up and Expands to U.S.-Made Clothing
A major trade war that started with aluminum and steel is now migrating into steep tariffs being placed on U.S.-made apparel exported to Europe.
U.S. Textile Industry Calls for Tariffs on Imported Textiles and Apparel End Products
The U.S. textile industry has asked the Trump administration to place tariffs on certain textile and apparel products made by China that may infringe on U.S. companies’ intellectual-property rights.
Closer Lead Times in Apparel Is Benefiting Los Angeles Knitters, Dyers and Finishers
The stainless-steel vats that populate the factory floor at Swisstex California churn out ribbons of damp, recently dyed knit fabric that piles up in large plastic carts before being sent to the finishing machines.
No NAFTA Means Retailers Would Have to Increase Prices and Decrease Jobs
The North American Free Trade Agreement is still being negotiated between the United States, Mexico and Canada, but no new trade accord has been hammered out and retailers are getting worried.
The Tariff Scare Keeps Apparel and Textile Companies Hopping
President Trump launched a trade war in March by imposing a 10 percent tariff on aluminum and a 25 percent tariff on steel coming from countries around the world.
Tariffs on China Could Broadly Affect Clothing and Footwear Imports
With about 33 percent of all clothing and 72 percent of all footwear sold in the United States coming from China, President Trump’s latest volley to impose some $50 billion in tariffs on that Asian country could have a dire effect on the average consumer.
