6 February 2025

AAFA warns of tit-for-tat trade war

The American Apparel & Footwear Association has said tariffs that the US has announced on imports from Mexico, Canada and China “will inject massive costs” into the shoe and clothing sectors. By Footwearbiz.

It said the US economy was already “inflation-weary” and added that the imposition of tariffs on imports into the US would expose the economy further through “a damaging tit-for-tat tariff war” with key export markets.

At the start of February, US president, Donald Trump, announced tariffs of 25% on imports from Canada and Mexico, and a rate of 10% on imports from China.

These tariffs were to apply from February 4, but the US has already announced it will delay applying the measures to Mexico for one month. Later, the US also announced a 30-day pause on imposing the tariffs on Canada.

Mexico, Canada and the US have been free-trade agreement partners for more than 30 years.

“We should be forging deeper collaboration with our free-trade-agreement partners, not taking actions that call into question the very foundation of that partnership,” said AAFA chief executive, Steve Lamar.

關於亞太區皮革展 ​

我們為皮革、物料及時裝業界創造面對面洽談的機會,爲客戶締造實質商機。我們雲集世界各地的商家,讓他們尋找新的合作伙伴,發掘潛在客戶或供應商,並掌握業界最新發展。

 

我們主辦多個專注時尚及生活潮流的商貿展覽會, 為這不斷變化的行業,提供最全面的買家及參展商服務,方便他們了解急速轉變的行業環境,並預測來季趨勢。

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