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Trump urged not to impose new tariffs on Chinese imports
21
Mar '18
Trump urged not to impose new tariffs on Chinese imports
The American Apparel & Footwear Association (AAFA) and 16 other trade associations representing soft goods and fashion industries recently sent a letter to President Donald Trump urging him to refrain from imposing new tariffs on imports of apparel, footwear, fashion accessories and travel goods from China as it would hurt US consumers, workers and companies.

The tariffs would not address the underlying concerns regarding illegal technology transfer and intellectual property rights theft in China, they said.

As there is very little or no domestic commercial production of these items and China is the top supplier of these items to the United States, additional tariffs will raise the prices of these products, the letter said.

In 2017, China accounted for about 41 per cent of all apparel, 72 per cent of all footwear, and 84 per cent of all travel goods imported into the United States.

As duty rates in these product categories are quite high and China is a dominant supplier, US imports from China already account for most of duties collected by the US Government.

At a 25 per cent additional duty rate, a family of four will end up paying an estimated $500 more to buy these basic consumer products every year. Fewer purchases may affect the four million Americans employed in these industries, the associations feel.

Sharing the US administrations concerns on the underlying problems in China, the associations urged President Trump to find and implement remedies that address those problems rather than cause economic damage to US citizens.

Other associations that signed the letter include the American Import Shippers Association (AISA), the Council of Fashion Designers of America (CFDA), the Fashion Accessories Shippers Association (FASA), the Footwear Distributors & Retailers of America (FDRA), the National Retail Federation (NRF), the Outdoor Industry Association (OIA), the Retail Industry Leaders Association (RILA), the Travel Goods Association (TGA) and the US Fashion Industry Association (USFIA). (DS)

Fibre2Fashion News Desk – India


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