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US tariff hikes on PRC goods '1930s trade strategy': AAFA

26
Aug '19
Pic: Shutterstock
Pic: Shutterstock
Terming the Trump Administration’s tit-for-tat tariff hikes on Chinese imports ‘a 1930s trade strategy that will be a disaster’ for US consumers, businesses and economy, Rick Helfenbein, president and chief executive officer of the American Apparel & Footwear Association (AAFA) recently said the steps are not part of any coherent strategy related to China.

“Meanwhile, the President has said he wants American businesses to stop working in China, yet he doesn’t seem to understand that moving a supply chain is incredibly complicated and expensive. It takes years to build relationships that meet compliance standards and deliver quality products, yet we have been given weeks and in this case days,” said Helfenbein in a statement.

“This is not how you negotiate....The Administration needs to rise above the fray and start negotiating for the American people,” he said.

On August 15, AAFA released analysis showing 77 per cent of US imports of apparel, footwear, and home textiles from China appear on the administration’s list of products that will be hit with an additional tariff on September 1. (DS)

Fibre2Fashion News Desk – India


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