WASHINGTON — China agreed to eliminate a dozen export and import subsidies by Jan. 1, settling a U.S. trade case but potentially increasing costs for apparel importers.
The U.S. brought the World Trade Organization trade case against China in February, charging Chinese companies with foreign investment received tax breaks that broke global trade rules. Mexico later joined the case against China.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"