WASHINGTON — A World Trade Organization panel ruled Tuesday that China ran afoul of global trade rules by imposing export restraints on certain raw materials that are incorporated in several downstream products important to the apparel, textile and beauty industries.
The WTO dispute settlement panel found that China’s imposition of export quotas, export licensing requirements and minimum export price requirements on a wide range of raw materials was inconsistent with its WTO obligations. China has the right to appeal the panel’s decision to the WTO’s appellate body.
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)