A study Impacts of Section 301 Tariffs on Imports from China: Case Studies of Apparel, Footwear, Travel Goods and Furniture has called out the ‘detrimental economic impacts’ of the massive tariffs imposed on consumer goods from China, saying that the trade war has led to higher costs and prices for American companies and families. It also said that shifting away from China as a source of goods was costly and ‘not always successful’. [Joint Industry Study Flags Negative Impacts of Section 301 ... - AAFA]
At the Sourcing Journal Global Outlook Conference, two experts gave insights into one of the most complicated and significant geopolitical issues dividing the world’s two largest economies. Topping the key issues are punitive tariffs between the two nations. Steve Lamar, president and CEO of the American Apparel & Footwear Association (AAFA), said legislation pending in Congress is focused on more enforcement and tools to deal with China. [‘Hand Wringing’ and ‘Finger Pointing’ Define US-China Trade – Sourcing Jpurnal]
The fashion industry has engaged in and remains fully committed to enhancing sustainability and social responsibility within the apparel, accessories, and footwear industry’s supply chains, the American Apparel & Footwear Association (AAFA) said in a statement published on Earth Day (Friday 22 April). [AAFA says apparel sector must align with global efforts on climate change – Just Style]
2022 is proving to be another year of unprecedented challenges and opportunities for retailers and brands. Steve Lamar, CEO of AAFA, talks about inflation, supply chain, sustainability and metaverse with Footwear News (FN)."
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