WASHINGTON — Coach Inc., Luen Thai USA and other manufacturers of a broad array of briefcases, purses and backpacks in the travel goods category are endorsing new legislation that could potentially provide fresh sourcing opportunities.
Many companies in the U.S. travel goods industry are facing rising costs in China, which is the number-one supplier of travel goods to the U.S. market. But companies are somewhat hampered in where they can move production because China is such a dominant player and duties on travel goods imports to the U.S. can be as high as 17.5 percent.
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