Home / Knowledge / News / Fashion / US denim brands to be hurt in trade war with Mexico

US denim brands to be hurt in trade war with Mexico

12
Jun '19
US denim brands to be hurt in trade war with Mexico
If the United States goes ahead with its threat to impose a 5 per cent tariff on all imports from Mexico, the decision would reportedly hurt US denim manufacturers. The United States, which imports nearly all its apparel, gets more men’s blue jeans from Mexico, the eighth largest supplier of apparel to the US, than it does from any other country.

The US imported about $691 million worth men’s blue jeans from Mexico last year compared to $227 million worth from China, according to US government statistics.

A new tariff would obviously raise the prices for all US apparel brands manufacturing such jeans in Mexico and then importing them. In all probability, the companies will pass it on to consumers by raising prices rather than absorbing the expense, according to a top US business news organisation.

Additional levies on US firms for imports would lead to higher inflation hurting consumer spend and that could hurt sales for key denim makers like Levi, American Eagle, Wrangler and Lee if they manufacture denim in Mexico, according to a senior retail analyst with Bloomberg Intelligence.

Levi’s, while filing for its IPO in February, pointed to changes in US trade policies as a potential risk to its business, particularly the moves President Trump made to raise tariffs on Chinese imports and the possibility of changes in policy toward Mexico. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 24th Sep 2020

IDH-Apparel Impact Institute launch Tier 1 Vietnam project

The Netherlands-based IDH-the Sustainable Trade Initiative and the...

Pic: UC SANTA BARBARA

Textiles | On 24th Sep 2020

US scientists assess synthetic fibres pollution on land

Scientists in the US have said that the volume of synthetic...

Pic: Bushell Investment Group

Retail | On 24th Sep 2020

Bushell Investment Group acquires shoe retailer ALDO UK

The Bushell Investment Group (BIG) has acquired the UK arm of the...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

It will take some time for the people to change their buying choices

Dinaz Madhukar, DLF Emporio and DLF Promenade

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Pratik Bachkaniwala, Palod Himson Machines

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Yogesh Kanani,

Yogesh Kanani

Incorporated in 1999, Purani Textiless Private Limited is a leading...

Subrata Ghosh,

Subrata Ghosh

Nandan Denim, part of leading conglomerate Chiripal Group, commenced its...

Angelo Leung,

Angelo Leung

Guangdong Asiatex Textiles provides international and domestic apparel...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search