WASHINGTON — A big question for industry executives this election year is not necessarily whether the next president will bring change to Washington, but rather how he will address the trade relationship with China.
The entire fashion industry, from textile producers to retailers, has significant exposure to trade with China. Apparel importers shipped 21.1 billion square meter equivalents of apparel, textiles and home furnishings, valued at $32 billion, into the U.S. from China for the year ended July 31. By contrast, the U.S. textile industry has lost thousands of jobs due in part to international trade and imports.
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