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How the US 25 percent trade tariff increase could hit EU and UK fashion

The United States announced recently that it would apply a tariff increase of 25 percent on goods from three European countries, as well as the United Kingdom, Turkey and India. The measure was soon suspended to allow for international negotiations to proceed. The 25 percent tariff increase was announced in response to the EU’s decision to apply...

Jun 9, 2021

Business

US threatens tariffs on UK clothing exports in tech tax row

A new trade war could be ensue if the US imposes a 25 percent tariff on some UK exports, including clothing. The tariffs would be a retaliatory move over the UK’s tax on big tech companies. Last April a digital services tax was introduced to ensure companies including Google and Facebook – the big social media platforms, search engines and...

Mar 30, 2021

Business

US to suspend retaliatory tariffs on UK luxury for four months

A joint announcement from the new US administration and the UK Government on Thursday said the US will suspend retaliatory tariffs on British luxury for four months. This will temporarily halt the 25 percent tax hike on items like cashmere, wool, tailoring, bed linen and single-malt whisky. Walpole, the UK trade body representing British luxury...

Mar 5, 2021

Business

UK seeks post-Brexit trade deal with US

The UK has announced a new approach to US tariffs, ending the longest trade dispute in history. Tension surrounding the Boeing Airbus dispute escalated with the US raising import tax on British luxury goods, including cashmere, wool and linen products following the World Trade Organisation ruling that the US could punish European countries for...

Dec 10, 2020

Business

US imposes retaliatory tariffs on UK and EU products, including luxury brands

Fashion companies may have little to do with Airbus and aviation, but tariffs imposed by the US Trade Representative (USTR) effective September 1st will see retaliatory tariffs of 25 percent on goods including tailoring, wool, cashmere and linen homeware. Walpole, the trade body representing British luxury companies, said Washington had...

Aug 14, 2020

Report

AAFA welcomes order for duty deferral; says more needs to be done

American Apparel & Footwear Association President and CEO Steve Lamar welcomed the partial duty deferral provided by the Trump administration via Executive Order, while acknowledging that more needs to be done to help American businesses survive the COVID-19 crisis. The Executive Order provides authority to the Secretary of the Treasury and...

Apr 21, 2020

Report

AAFA urges President to provide tariff relief to American businesses and consumers

Today, the American Apparel & Footwear Association sent a letter to President Donald J. Trump emphasizing the need for a "Phase One" deal that both eliminates the tariffs that are currently in place and removes the threat of those scheduled to take effect on December 15. "While the punitive tariffs imposed by both the U.S. and China over the...

Dec 13, 2019

Business

Savile Row hit hard by US tariff increase

35 milion pounds of fashion and textile exports from the UK will be subject tonew tariffsnext week. To put this in perspective, figures form the UK Fashion and Textile Association (UKFT) show approximately 23 percent of exports from British luxury brands in 2017 were shipped to America. The 25 percent tariffs come at a time when a no deal Brexit...

Oct 10, 2019

Management

Made-in-UK clothing to be hit by 25 percent US tarrifs

Made-in-UK clothing, including sweaters, pullovers, and cashmere and wool items, will be subject to 25 percent tariffs when sold in the US market, effective 18 October. The World Trade Organisation (WTO) ruled on Wednesday that the US could impose tariffs on 7.5 billion dollars (6.1 billion pounds) worth of European goods. It is the largest...

Oct 4, 2019

Report

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...

Aug 22, 2019

Fashion

AAFA sets record straight regarding claims the administration is protecting American consumers this holiday

The American Apparel & Footwear Association today clarified that analysis of the Tranche 4A and 4B lists of products, which will be hit with an additional 10% tariff on September 1 and December 15, shows that: 77% of all apparel, footwear, and home textile products imported to the U.S. from China will be hit with an additional 10% tariff on...

Aug 16, 2019

Management

Fashion and retail industries react to new China tariffs

The fashion and retail industries has reacted to Donald Trump’s announcement on Thursday that he planned to impose a 10 percent tariff on the remaining 300 billion dollars of imports from China beginning 1 September, 2019. The American Apparel & Footwear Association condemned the President’s decision, describing additional costs for “...

Aug 2, 2019