IMPORT & EXPORT
Port of L.A. Media Advisory Highlights Achievements, Sustainability Efforts
By Christian Chensvold, Associate Editor | August 15, 2024
The Port of Los Angeles handled a record-breaking 939,600 Twenty-foot Equivalent Units (TEUs) in the month of July, a 37 percent increase over the previous year, making it the busiest July in the port’s 116-year history as well as the busiest month in over two years.
No NAFTA Means Retailers Would Have to Increase Prices and Decrease Jobs
The North American Free Trade Agreement is still being negotiated between the United States, Mexico and Canada, but no new trade accord has been hammered out and retailers are getting worried.
The Tariff Scare Keeps Apparel and Textile Companies Hopping
President Trump launched a trade war in March by imposing a 10 percent tariff on aluminum and a 25 percent tariff on steel coming from countries around the world.
Tariffs on China Could Broadly Affect Clothing and Footwear Imports
With about 33 percent of all clothing and 72 percent of all footwear sold in the United States coming from China, President Trump’s latest volley to impose some $50 billion in tariffs on that Asian country could have a dire effect on the average consumer.
European Retaliation Tariffs Planned on U.S. Clothing
After President Trump signed an order on March 8 to impose tariffs on imported aluminum and steel, apparel makers were bracing for Europe to slap retaliatory tariffs on a variety of apparel coming from the United States.
Trans-Pacific Partnership Signed in Chile
The much anticipated Comprehensive and Progressive Agreement for Trans-Pacific Partnership, formerly known as the Trans-Pacific Partnership, was signed March 8 in Santiago, Chile, as member nations moved forward without the United States to build a stronger global economy.
Why Apparel Sourcing in the Americas Is Important for the U.S. Market
Apparel factories and mills in the Western Hemisphere are still a significant supplier to U.S. retailers that are whittling down their lead times and looking for more just-in-time delivery.
Retail Imports Will Rise During the First Half of the Year
With wages going up and unemployment going down, shoppers are expected to continue hitting the stores, which means more imports will be coming in by the boatload.
Trans-Pacific Partnership Could Be a Done Deal by March
The new and improved Trans-Pacific Partnership is going forward without the United States as the other original members of the accord hashed out their differences in January, with a new free-trade pact expected to be signed as early as March.
NAFTA Local Experts Debate the Pros and Cons of the Free-Trade Agreement
Free trade between the United States, Mexico and Canada has become a hot topic lately as negotiations to revamp the North American Free Trade Agreement have been going on since last year.
Customs Confiscates Thousands in Fake Nike Air Jordans
U.S. Customs and Border Protection suspected that the Nike Air Jordans inside seven parcels that landed as air cargo near Dulles International Airport outside of Washington, D.C., weren’t the real thing.
Year in Review in Trade: The Year of Breaking UP and Getting Back Together Again
Some relationships last forever. Others need to be restarted.
2017 Retrospective: China’s Dominance in U.S. Apparel Imports Is Slowly Declining
China’s reign as the apparel powerhouse to the United States continues as sourcing agents find this go-to region a reliable manufacturer of anything related to clothing.
Trade Observers Fear Trump May Pull Out of NAFTA Negotiations
With little progress in the last negotiating round for the North American Free Trade Agreement, trade experts believe it is becoming more likely that President Trump will follow through on his threat to withdraw from the talks.
Egypt’s Duty-Free Apparel Production Making a Comeback After Years of Political Turmoil
As President Trump starts whittling away at the various free-trade agreements the United States has with different countries, Egypt is revving up its promotion of its special industrial zones where apparel can be made and exported duty-free to the United States.
The U.S. Free-Trade Agreement With Central America Is Next in Line for a Makeover
Experts are meeting for their fourth round of NAFTA trade talks in Washington, D.C., this week with the idea of wrapping up negotiations to revamp the North American Free Trade Agreement by the end of this year if President Trump doesn’t derail the deal.
