It’s almost impossible to summarise the dispute between China and most other major trading nations at the WTO.
Though the world’s business press reported in mid-January that Chinese manufacturing costs grew sharply in December 2016, costs for Chinese apparel and textile makers grew far less. In November 2016 – the latest data available – the price per square metre of Chinese apparel arriving in the US was 9.1% lower than a year earlier.
I think many of the alleged uncertainties observers forecast for 2017 are badly misconceived.
How seriously should brands and retailers take reports that Trump will slap extra duties on Chinese imports – and China’s almost hysterical response to those reports?