IMPORT & EXPORT
By Andrew Asch | March 19, 2020
On March 19, members of the retail industry’s leading trade groups joined in a letter asking President Trump to suspend U.S. tariffs in place on Chinese imports. The tariff suspension would serve as a tool to blunt the economic downturn from the coronavirus pandemic, they said.
Organization Urges Trump Administration to Include Apparel and Made-Up Textiles in Next Round of Chinese Tariffs
As the trade war between the United States and China intensifies, members of the National Council of Textile Organizations have been urging the Trump administration to include apparel and certain textile items in the next round of tariffs.
The Trump administration’s threat to impose a 5 percent tariff on all goods imported from Mexico did not go into effect on June 10 as threatened.
Business at Southern California’s seaports has been looking a little schizophrenic.
Following the White House’s removal of Turkey from the countries eligible for GSP (Generalized System of Preferences) status last month, the Trump administration declared that India has been deemed ineligible for continued inclusion as a beneficiary under the duty-free trade program.
A great deal of attention has been paid to the issues surrounding the Trump administration’s move to impose up to an additional 25 percent higher tariff on certain goods entering the United States from China.
Robert Jungmann has been importing hemp fabric from China for more than 20 years for the T-shirts he manufactures in Los Angeles.
As the Trump administration threatened to again raise tariffs on $200 billion worth of Chinese imports as soon as May 10, many were wondering how far it would go and what it would cost the American consumer.
After years of litigation, Byer California has agreed to pay $325,000 in a civil fraud lawsuit that alleges the decades-old San Francisco clothing company for five years undervalued the cost of its merchandise coming through customs, paying lower duties than normal.
Apparel and textile importers have spent the last year challenged by rising shipping rates and tight vessel space as cargo owners scrambled to bring in merchandise earlier than normal to beat an expected tariff rise on certain Chinese goods.
The recent lull in the trade war between the United States and China was good news for U.S. retailers, clothing manufacturers and importers who have seen their bottom line eroded by a 10 percent tariff on certain goods imported from China.
In the past year, it has become increasingly more challenging to be an apparel manufacturer, importer or retailer in the United States as uncertainty surrounds trade with China.
With additional tariffs on Chinese imports being threatened, Los Angeles clothing makers are feeling the pinch to bring in goods earlier to save money.
If you had to explain why the stock market is going up and down like a yo-yo, one of the reasons is the uncertainty in trade.
If you thought U.S. clothing companies were shying away from China to make their wide array of imported garments, think again.
This has been a year of uncertainty for the trade world.