Imports news and archive

BCC warns removal of ‘de minimis’ could increase prices

The British Chambers of Commerce (BCC), which represents more than 50,000 businesses across the UK, have warned that the removal of tariff exemptions for low-value imports could push up prices and reduce trade for small businesses. In a statement, the BCC said that the removal of the ‘de minimis’ exemption for imported goods, which is currently...

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AAFA urges Trump administration to add non-cumulative clause for Chinese tariffs

The American Apparel & Footwear Association (AAFA) has issued a response to President Trump’s executive order extending temporary tariff relief on Chinese imports for another 90 days. The order, titled “Further Modifying Reciprocal Tariff Rates to Reflect Ongoing Discussions with The People’s Republic of China,” was issued on August 11 and cites...

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Import cargo levels for 2025 predicted to drop more than 5 percent due to increasing tariffs

Import cargo levels at large container ports across the nation are expected to drop as new tariffs continue to impact international trade. Import cargo levels for 2025 are projected to end 5.6 percent less than 2024’s levels, according to the Global Port Tracker report from the National Retail Federation and Hackett Associates, as tariffs on...

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Tariffs threaten to push US clothing prices up by 8 percent

American consumers are bracing for potential price hikes on clothing, with estimates suggesting an increase of around 8 percent due to the tariffs announced this week. This could translate to an extra 7 US dollars on a typical 90 US dollars item like a sweater or jeans. The widespread impact is due to the fact that approximately 97 percent of...

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By summer coronavirus will cause sourcing problems in fashion

German exports are growing internationally, but the coronavirus is dampening the mood within the fashion industry. Sourcing bottlenecks in China are causing delivery delays and delivery dates are being postponed. Until summer, the whole supply chain will work relatively normal, but the autumn/winter 2020/21 season will be fully affected by the...

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No-deal Brexit could drive cost of Europe-made clothes up 11.5 percent

The cost of clothing made in Europe and being sold in the UK could increase by 11.5 percent if the country crashes out of the EU without a deal later this year, new research suggests. According to personal finance website NimbleFins, the price hike - which could also see EU Footwear prices rise by 4.1 percent - would be due to imports being...

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New EU tariffs targets US fashion imports

The European Union's retaliatory tariffs on US imports have come into force, including 25 percent duty on various fashion items including denim and cotton clothing, as part of the escalating trade war with the US following Donald Trump imposing tariffs on steel and aluminium imports from the EU. The new tariffs from the EU will hit a range of...