Proposed new tariffs will negatively affect American consumers, the American Apparel and Footwear Association said in a news release Nov. 6 reacting to the results of the U.S. presidential and congressional elections. President-elect Donald Trump says he will increase tariffs on goods coming into the country.
Executives from FloraTrace, an isotopic testing service, and Rezylient, an UFLPA insurance product, told an audience of customs brokers that isotopic testing isn't just for cotton-containing products.
The Aluminum Association is pleased by the hike in Section 301 tariffs on aluminum products -- even though it applies to more products than it wishes were covered -- and says Mexico's reporting is helping with trade remedies covering Chinese, Russian and Belarussian steel.
Trade groups representing corn and soybean farmers say that if Donald Trump imposes 60% tariffs on Chinese imports, as he has promised to do if re-elected, it would devastate their exports to China.
The strong differences in tariff and immigration policies whether Donald Trump or Kamala Harris wins the election made it difficult for a think tank's economic outlook, but Alejandro Werner, a senior fellow at the Peterson Institute for International Economics, said that Mexico will have a slow-down in foreign investment over the next couple of years because of "the uncertainty associated with the continuation of the USMCA regardless of who wins the election."
The American Apparel and Footwear Association and the Fair Labor Association told the interim leader of Bangladesh that they appreciate the goverment's plan to align labor laws with International Labor Organization standards, but asked him to institute an annual minimum wage review for garment, footwear and travel goods workers, including the voices of unions, workers and employers.
China-dependent supply chains developed because of the demands of retailers to sell products at low price points, a panelist explained at the Commerce Department's first supply chain summit, but the company is working to change that.
Sheep ranchers in the U.S. are complaining that U.S. Trade Representative Katherine Tai hasn't asked the International Trade Commission to open a safeguard investigation for mutton and lamb imports, more than a year after they first asked for the action.
A survey of large American-headquartered multinationals -- 40% of which capture more than $1 billion in revenue from Chinese operations -- found as one of their top concerns the rising competitiveness of Chinese companies, whether from subsidization or business advances, or a combination of those factors.
Shein audits in 2023 uncovered two contract manufacturers that were hiring children 15 years old or younger in China, the company reported, and the companies let those workers go, paid their outstanding wages, and facilitated a return to their parents or legal guardians. "SHEIN also ensured the contract manufacturers strengthened their processes for screening new hires, such as checking and maintaining records of all employees’ IDs. Following appropriate remediation, the contract manufacturers were permitted to resume business," the report said.