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Here’s How the US-China Trade War Truce Will Affect Retailers

Retailers are temporarily in the clear after the United States and China suspended trade hostilities for 90 days following the G20 summit over the weekend in Buenos Aires, Argentina.
The 25 percent hike in tariffs that President Donald Trump had threatened on $200 billion worth of Chinese goods will not go into effect on Jan. 1 as originally planned. Instead, the 10 percent tariff will remain in place as the two countries begin negotiations that also address China’s alleged forced technology transfers and cybercrimes.
Despite the favorable decision, the fashion industry shouldn’t hold its breath. In an interview with FN prior to the announcement of the financial ceasefire, American Apparel & Footwear Association executive vice president Stephen Lamar said, “Even if you have a standstill or truce, as they’re calling it, that doesn’t do anything to remove any of the underlying tariffs.”
According to the AAFA, 41 percent of apparel, 72 percent of footwear and 84 percent of accessories sold in the U.S. comes from China. The most recent tranche of tariffs already affects clothing and accessories, including handbags and wallets, while the fourth set, which would hit $257 billion in goods, “can affect footwear pretty dramatically,” Lamar said.
With the levies encompassing a wide variety

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Via:: https://footwearnews.com/2018/business/opinion-analysis/us-china-trade-war-truce-retail-1202713341/