tariff war news and archive

Trump suspends new tariffs against China, market reacts positively

The American fashion industry is breathing a sigh of relief after Donald Trump shelved plans to add tariffs of up to 25 percent on Chinese goods including apparel and footwear -- at least for now. Trump agreed to restart trade talks with China at the G20 Conference on Saturday, maintaining existing tariffs while negotiations continue. The news...

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Management

Columbia Sportswear testifies against Trump's proposed tariff increase

The fashion industry is doing everything it can to prevent the Trump administration from establishing a fourth tranche of tariffs of up to 25 percent on imports of Chinese goods. This time the products would include apparel, footwear and accessories. Yesterday, Columbia Sportswear’s Director of Global Customs and Trade, Katie Tangman, testified...

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Business

NRF: Americans will pay nearly 7 billion USD more for clothing and shoes with new tariffs

The National Retail Federation (NRF) has joined the voices against tariffs of up to 25 percent on imports of approximately 300 billion US dollars in Chinese goods, as proposed by the Office of the US Trade Representative. “We find that the proposed tariffs, especially at 25 percent, would be too large for US retailers to absorb and, once passed...

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Business

170 shoe retailers urge Trump to not move forward with footwear tariffs against China

More than 170 shoe retailers, including Nike, Under Armour, Adidas, Foot Locker, and Ugg, have published a letter urging president Donald Trump to reconsider raising tariffs on footwear imported from China. “As an industry that faces a $3 billion duty bill every year, we can assure you that any increase in the cost of importing shoes has a...