By  on February 16, 2017
Emanuel Chirico

WASHINGTON — Emanuel Chirico, chairman and chief executive officer of PVH Corp., who participated on a panel addressing tax reform issues in the nation’s capital on Thursday, said a Congressional proposal to impose a border tax on imports has created volatility and uncertainty and has real implications on future investment decisions.

Chirico also cautioned that putting up a “wall” to trade is not the answer to future growth and declared that the “ship has sailed” on apparel manufacturing in the U.S., which he does not believe will return on a large scale. He didn't comment on textile production, which has seen a revival in areas such as yarns and knitwear.

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