国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Top News

US tariffs to disrupt fashion industry: US fashion industry association chief

Xinhua | Updated: 2018-09-09 21:41
Share
Share - WeChat
Atmosphere at the Adeam fashion show front row during New York Fashion Week on September 8, 2018 in New York City. [Photo/VCG]

WASHINGTON - US tariffs on imports from China will disrupt the global supply chain in the fashion industry and damage the entire sector, the head of a US fashion industry association said.

"From feathers to textiles to furniture, we see disruption and uncertainty in the industry," Julie Hughes, president of the United States Fashion Industry Association (USFIA), told Xinhua during a recent interview. "In most cases, there are no alternative sources of supply for US companies."

Calling the tariffs "the top uncertainty and risk of volatility" that USFIA members see in the economy, Hughes said, "Honestly, I'm hoping that these tariffs never go into effect, then we don't go to the worst scenario of penalty tariffs on everything."

Founded in 1989, the USFIA represents brands, retailers, importers and wholesalers based in the United States.

China is the largest supplier of textiles and apparel to the US market, accounting for about 40 percent of American imports in the sector, according to USFIA statistics.

"We have long relationships and partnerships with our Chinese suppliers. We know each other well, and we want to keep it that way," Hughes said.

The USFIA chief emphasized that the industry relies on sourcing from China to provide American consumers affordable and varied choices.

A recent survey by the association, the USFIA Fashion Industry Benchmarking Study for 2018, showed the "protectionist trade policy agenda in the United States" was regarded as the top challenge to the nation's fashion industry.

More than 60 percent of the respondents ranked it among their top five business challenges, with more than one third regarding it as either the first or second biggest challenge.

The ability of fashion brands and retailers to respond to the tariffs is complicated since apparel and textile supply chains are complex, involving inputs from multiple countries, according to industrial analysts.

"It takes at least two to five years to identify and approve a new vendor, because we are a long way from the days when apparel could be made any place (where) there were workers and a sewing machine," Hughes said.

After announcing tariffs on steel and aluminum imports and on 50 billion dollars of Chinese products, Washington threatened in July to slap extra tariffs of 10 percent on 200 billion dollars of Chinese goods, later upping the rate to 25 percent. The Chinese imports are widely recognized as being crucial for US businesses, employment and consumers.

Imposing a hefty tax on the basic household items needed by all Americans is likely to have broader impact on the US economy, Hughes said.

The US Trade Representative called a public hearing on the proposed additional tariffs on Chinese imports recently, where the majority of participants opposed the move.

"We continue to believe that the best action is to work with our trading partners, and the Chinese government to negotiate solutions," Hughes said.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
山丹县| 高雄县| 克什克腾旗| 双柏县| 太白县| 三台县| 栖霞市| 临江市| 塘沽区| 宣威市| 衡东县| 瓦房店市| 房产| 资阳市| 潢川县| 固阳县| 册亨县| 万安县| 陇南市| 临清市| 明星| 陆川县| 宿松县| 南投市| 松滋市| 寿阳县| 郁南县| 清河县| 新乡县| 曲麻莱县| 平和县| 萨迦县| 依安县| 自治县| 长乐市| 大新县| 城步| 江山市| 通江县| 巩留县| 康平县|