WASHINGTON — A growing slate of trade policy measures and issues this year has wide-ranging implications for apparel and textile production in Asia, Africa and the Western Hemisphere and will impact sourcing executives who are planning their fabric and yarn purchases as they head into trade shows in New York this month.
The U.S. fashion industry imported $102.2 billion worth of apparel and textiles in the year ending May 31. China remains the top supplier of apparel to the U.S., controlling a 40 percent share of the U.S. import market based on value, but several Southeast Asian countries are gaining ground against China as higher wage rates continue to force executives to find alternative sourcing hubs.
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?"