No Quick Relief For Retailers From U.S.-China Trade Dispute

In The Daily Scoop by Lauren Parker, Accessories Magazine

Tariffs on Chinese-made goods already are increasing prices on apparel and footwear imports, and the impact will be even more damaging when tariff rates jump from 10% to 25% in 2019. The National Retail Federation (NRF) and other industry groups have stated that the tariffs harm both U.S. consumers and workers, but it seems that retailers and manufacturers will need to adjust to these additional costs.

During the Sourcing Journal Summit held Oct. 11 in New York City, a group of sourcing industry experts responded to the fact that they see little chance of either the U.S. or China backing down any time soon.

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