Target, Samsonite could be wooed by China’s new trade support scheme

China 2606 Cons. Discr. - Apparel 374 Cons. Discr. - Retailing 312 Programmatic 33 Tariffs 1650 Trade Deals 908 U.S. 4640

China has announced an export support package aimed at “labor-intensive export enterprises” including credit loans and insurance. That comes ahead of a new round of U.S.-China talks and could fall foul of WTO rules. Labor intensive industry exports from China to the U.S. have declined over the past decade as other Asian countries offer lower costs. Shipments of leather goods and footwear from China to the U.S. for example fell by 33.3% and 13.4% respectively in 2020 versus 2019. U.S. apparel and luggage imports from China have continued to decline recently due to the ravages of COVID-19 ...

Copyright © 2020 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.