American companies are shifting their capacity to Southeast Asia.
Views: 5 Author: Site Editor Publish Time: 2019-11-10 Origin: Site
Sino-US trade frictions have intensified, and Southeast Asian countries such as Cambodia and Vietnam seem to be more attractive to consumer goods manufacturers than ever before, as the Trump administration imposes tariffs on goods such as Chinese handbags.
Steve Lamar, executive vice president of the American Apparel & Footwear Association, said: "The Trump administration's tariff policy on China has raised concerns among many companies, and they have begun to move their products from China to other places."
According to a study released in July by the U.S. Fashion Industry Association, 67% of the companies surveyed said they would reduce their output or value in China in the next two years, although all of the companies involved were from China. American protectionism is listed as the first challenge for fashion industry.