WASHINGTON — China and Taiwan signed a trade agreement Tuesday that will reduce tariffs for dozens of textile and apparel categories, knitting and sewing machines and hundreds of other products moving between the two countries.
The Economic Cooperation Framework Agreement would tie together two nations with a long history of tensely strained political and economic relations. China’s emergence as a dominant force in global trade and its focus in recent years on creating close alliances with neighbors in the Asia-Pacific region have further complicated the relationship. Taiwanese opposition to forging closer economic ties with China sparked demonstrations in the days leading up to the signing of the agreement.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)