U.S.-based premium jeanmakers are bracing for a blow to their plans for trans-Atlantic expansion this week when the European Union more than triples the tariff on American-made women’s and girls’ cotton denim jeans.
The change, set to take effect Wednesday, will raise the duty to 38 percent from its current rate of 12 percent and be in effect for a year. It is expected to hit the resurgent jeans factories, wash houses and associated textile, findings and trimming communities of Los Angeles and Southern California especially hard.
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)