The National Retail Federation today welcomed news that the United States and China have agreed on a “phase one” trade deal.“For the first time in months, the United States and China are moving in the right direction on tariffs, and we congratulate negotiators from both sides for the progress they have made,” NRF Senior Vice President for Government Relations David French said. “Tariffs create uncertainty and costs for American retail supply chains, and the trade war won’t be over until they are eliminated completely. We agree that we need to realign our relationship with China, but tariffs that harm American businesses, workers and consumers are not the answer and cannot be allowed to continue.”
The expected signing comes after NRF and other members of the Americans for Free Trade coalition sent President Trump a letter on Wednesday asking that tariffs that were set to take effect on Sunday be suspended.
Reports indicate that the agreement cancels those tariffs and will reduce tariffs that took effect in September but that earlier tariffs will remain in effect.
The letter called for “a final deal that not only addresses our key concerns with the U.S.-China trade relationship but also eliminates the current tariffs imposed on both goods sourced from China and our goods exported to the critically important China market.”
Courtesy: Textile World
Researchers have created an innovative nanofibre patch that aims to simplify and improve the treatment of psoriasis, a common skin…
Clothing 2.0 has teamed up with The Marena Group LLC, a leader in medical-grade compression garments to transform the recovery…
Polartec has enhanced its Power Shield range, as it continues to replace petroleum-based materials with renewable alternatives while improving fabric…
Biomaterial company, Uncaged Innovations, has collaborated with ten independent fashion brands to launch Elevate, a new eco-friendly luxury leather alternative.
Rudolf introduced the Digital Pigment Printing Toolbox, a package of pre-treatment products to improve the quality and sustainability of pigment…
Aquafil Group, the innovator behind ECONYL regenerated nylon, has launched the ECONYL Bespoke Collection that mimic the aesthetics of natural…