WASHINGTON — Apparel and textile importers will likely have to pay more to ferry cargo to the U.S. in order to pay for heightened port and ship security measures newly mandated by the government.
As early as year’s end, any firm that buys merchandise from abroad — the bulk of U.S. apparel sales are imports — will face a cargo security surcharge or user fee, but the amount and duration is still to be determined. For those who import from Asia, the security premium would follow cargo rate increases of almost $1,000 per 40-foot container, which went into effect last month.
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EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
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