• Trump's Tariff Threats Rattle Fashion Industry

    2 monthes ago - By WWD

    Welcome to the new age of uncertainty.
    Fears rose in the fashion industry Tuesday after President Trump escalated his tit-for-tat trade war with China, ordering officials to identify a further $200 billion in Chinese imports that could be slapped with tariffs.
    The threat, if carried out along with tariffs on $50 billion in goods set last week, would levy higher duties on nearly half of the $505 billion in goods imported from China annually. Top executives expect that the trade war, if it carries on like this, will hit the fashion industry directly, raising costs at the border for...
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  • On Trade Wars and Economic Growth

    2 monthes ago - By WWD

    The looming threat of a trade war between China and the U.S. is a “lose-lose” situation for both the economies, believes Justin Yifu Lin, dean at Peking University's Institute of New Structural Economics.
    “Regarding the current conflicts between China and the U.S. over the trade issue, it appears to be triggered by the large trade deficit between China and the U.S.” he said. “Before 1984, China had a deficit to the U.S. and since 1985 China enjoyed a trade surplus with the U.S.
    “Last year, China had a surplus of 340 billion U.S. dollars with the U.S., representing 41 percent of the U.S...
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