“At a time when we are focusing on getting more vaccines to this key trade partner and unlock snarled supply chains, removal of this tariff threat is welcome indeed. We are also pleased to see Vietnam and the US solidify their work to guard against illegal timber harvesting an important step for Vietnam’s sustainability journey,” he said in a statement.
“All tariff relief and removal of tariff threats is good trade policy, as taxing Americans to get dressed each day is never a good negotiating tactic,” he added.
AAFA has continuously pressed the Biden administration for additional Section 301 tariff exclusions and retroactive renewal of all expired exclusions.
Last week, AAFA penned a letter to the US trade representative Katherine Tai on this issue and the simultaneous shipping crisis causing out of control freight rates, historic logjams at US ports, delays and costs that are wreaking havoc on supply chains and America’s economic recovery.
Fibre2Fashion News Desk (DS)