WASHINGTON — Congressional paralysis on vital tariff-suspension legislation is upending the U.S. textile, apparel and footwear industries with no relief in sight.
Congress let legislation expire at the end of the year that suspended duties on millions of dollars worth of certain imported components used to make apparel, footwear, yarns and fabrics. As a result, yarn spinners, textile firms, footwear brands and retailers have had to pay tens of thousands of dollars in duties since Jan. 1 and companies have had to scurry to either find alternative components and redevelop entire production lines or absorb the costs and face slimmer profit margins this year.
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)