Swatches: Tariffs On Honduras… EU Cites U.S. Trade Barriers…
The U.S. Commerce Department said Friday it will impose a 5 percent tariff on cotton socks imported from Honduras for six months in an effort to give relief to U.S. manufacturers who said they have been hurt by surging imports from Honduras.
TARIFFS ON HONDURAS: The U.S. Commerce Department said Friday it will impose a 5 percent tariff on cotton socks imported from Honduras for six months in an effort to give relief to U.S. manufacturers who said they have been hurt by surging imports from Honduras. The move marked the first time the U.S. has invoked a safeguard restraint for textile and apparel products under a free-trade agreement. Matt Priest, deputy assistant commerce secretary for textiles and apparel and chairman of the interagency Committee for the Implementation of Textile Agreements, said the tariffs will amount to $3 million to $3.5 million over the next half year. Under the Central American Free Trade Agreement, the U.S. can impose tariffs as high as 13.5 percent for three years. Priest said the Hondurans agreed not to retaliate or seek compensation in the form of tariffs on U.S. exports. EU CITES U.S. TRADE BARRIERS: The European Union in a new study singles out high peak tariffs in sectors such as textiles, apparel and footwear and cumbersome red tape as obstacles faced by its exporters seeking to enter the U.S. market. The EU annual report on barriers to trade and investment in the U.S. notes that peak tariffs are 32 percent for some apparel, 25 percent for fabrics and 13.2 percent for yarns. The report notes European exporters also consider as burdensome U.S. documentation and labeling requirements. The study takes issue with the container security initiative started in 2002 to counter potential terrorist threats to trade, and contends a 100 percent scanning requirement for all U.S.-bound containers that is foreseen by 2012 will lead to "major trade disruptions and additional administrative burden."
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye
“It’s passion that helps get anybody to a certain point and it’s what’s propelled me,” said Kith founder @ronniefieg, one of WWD’s 40 under 40: a group of industry notables who are changing the face of retail, fashion and beauty. Fieg, who opened a Manhattan flagship on October 7, began his career at age 13 as a stock boy and salesman for footwear chain David Z. “I think staying true to [my] beliefs, hard work and passion have gotten me to where [Kith] is today.” See the rest of the 40 at WWD.com. (📷: @vsteves) #wwd40
25-year-old @samweaving is about to break out this fall, starring in Netflix’s horror film “The Babysitter,” fittingly out today on Friday the 13th. That’s not the only place you’ll be seeing her, though — Weaving’s got a role Showtime’s “SMILF” and another alongside Frances McDormand and Woody Harrelson in “Three Billboards Outside Ebbing, Missouri.” Though she’s got a full plate at the moment, there’s one role she’s got her eye on: Marilyn Monroe. “I’m a little too young at the moment, but it’s on my bucket list,” the actress told WWD (📷: @dandoperalski) #wwdeye
BFF's Poppy Jamie and Suki Waterhouse celebrated the launch of their bag line Pop x Suki at Nordstrom last night. "The line is really about our friendship, and how we are so different but complement each other," said Waterhouse. 👯 (📷: Katie Jones) #wwdeye
After designing the new @louisvuitton and @bulgariofficial flagships and a @chanelofficial boutique opening in Japan, @petermarinoarchitect has another project on his plate: The Lobster Club. Located in the Seagram Building, it’s the famed architect’s first restaurant project in New York, serving up modern Japanese brasserie-style cuisine. Bronze hues, bespoke material detailing, blush and chartreuse tones and a heavy emphasis on Picasso can be seen throughout. Mark your calendars for Nov. 1 for the much-anticipated opening. (📷: @clint_spaulding) #wwdeye