The American fashion industry, which imported $96.1 billion worth of apparel and textiles for the year ending July 31 - $31.3 billion from China alone - has a lot at stake in the next president's trade agenda.
The American fashion industry, which imported $96.1 billion worth of apparel and textiles for the year ending July 31 — $31.3 billion from China alone — has a lot at stake in the next president's trade agenda.
Here are some of the industry's key trade issues facing the next administration:
- Negotiating an extension of a three-year apparel quota deal with the Chinese that is set to expire at the end of 2008. The U.S. imposed quotas on 34 categories of apparel and textile imports from China at the beginning of 2006.
- Reinstating a program the Bush administration launched to monitor certain apparel imports from Vietnam to assess whether they are priced unfairly low and whether to impose antidumping duties to offset them. The program expires at the end of President Bush's term.
- Seeking renewal of the president's Trade Promotion Authority, which strips Congress of the ability to amend any free trade deals the president negotiates. The Democratic-controlled Congress, critical of Bush's trade policies, refused to renew his "fast-track" authority this year.
- Accepting countervailing duty cases against imports from nonmarket economies. The Commerce Department reversed a 23-year-old policy this spring and accepted a countervailing duty case on glossy paper imports.
- Investing political capital to move forward on the global trade talks aimed at reducing tariffs across wide swaths of industries around the world. The talks have faltered for years over agriculture subsidies.
- Negotiating new trade deals or trying to push through any existing pacts.
Yesterday, the Parisian fashion house @azzaro_official cut the ribbon on a temeporary retrospective at the wing of the Musée des Arts Décoratifs in Paris. The exhibition, which shows the lasting influence of the brand’s founder Loris Azzaro, is titled “Azzaro, Fifty Sparkling Years” and presents 50 looks. In it’s ’70s heyday, fans of the brand included Jane Birkin, pictured here, Raquel Welch, Brigitte Bardot and more. See more photos on WWD.com #wwdfashion
@trinaturk and @macys Inc International Concepts line are linking up on a collection for summer — filled with accessories, swimwear and shoes. The collection will also include a Mr Turk men’s line, both of which are the designer’s first entry into a more accessibly priced area. “It’s very world-traveler, gypset-inspired,” said Turk. The Trina Turk x INC line will launch on May 15th. #wwdfashion
Assouline is paying homage to the late Azzedine Alaïa with a reprint of "Alaïa Livre de Collection.” The book is comprised of photographs of the designer's summer 1992 runway show with models Christy Turlington Burns, Naomi Campbell and Tyra Banks, pictured here at right. #wwdfashion #alaia #tyrabanks
Fall 2018 accessories take on a painterly hue, with Nebulas Blue among Pantone’s top 10 colors of the season. (📸: @jonghyupstudio ; editor: @twallz21 ; stylist and set designer: @haideefindlaylevin ) #wwdaccessories
@americanapparelusa is relaunching the brand outside of the U.S. today, opening its online store to more than 200 countries. The company is also contemplating a return to brick-and-mortar, though details have not been confirmed. In tandem with the expanded distribution is a recasting of a social media ad campagn, called “Back to Basics,” pictured here, with a focus on diversity and a cast of models above the age of 21. Read more on WWD.com #wwdnews #wwdfashion
Exclusive: @britneyspears is continuing to expand her brand. The pop icon, who appears in @kenzo ’s latest campaign, is partnering with Epic Rights to launch a line of branded merchandise. Read @hernameislex ‘s story, link in bio. #wwdnews #britneyspears
The Duchess of Cambridge channeled Princess Diana’s look upon giving birth to Prince Harry, when she and the Duke of Cambridge departed the hospital with the new baby Prince this afternoon in London. #wwdeye #princeofcambridge
The new Prince of Cambridge has arrived! The Duke and Duchess of Cambridge posed with the 8-pound newborn. She wore a look from one of her go-to designers, @jennypackham. Tap link in bio for more. #wwdeye #princeofcambridge