While some tweaks were made to the duties in the Airbus dispute, wool suits and cashmere sweaters are still caught in the middle.
In August, the U.S. could decide to beef up, and broaden, punitive tariffs on British and European luxury goods which have been caught up in a long-running dispute over government subsidies to Airbus.
A U.N. agency projects global trade overall in value terms will contract by 27 percent in the second quarter.
From Asia to Latin America to Europe, it doesn’t appear that anyone is safe as the U.S. increasingly relies on levies to assert its power on the global stage.
The U.S.-China trade war is seen boosting apparel and accessory prices by 5 to 10 percent, with a corresponding hit to retailers’ profits, experts said.
The fashion industry has been targeted in a government list of $200 billion worth of Chinese imports set for 10 percent levies.
Fifteen nations have launched a pilot electronic certificate of origin program to speed and simplify cross-border trade.
According to WIPO, one-third of the value of manufactured goods sold globally, or $5.9 trillion, comes from “intangible capital,” the third-largest being textiles and apparel.