In a February 16 letter to the US ambassador in Bangladesh, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Siddiqur Rahman asked for duty-free access to the US for Bangladeshi RMG products made from cotton imported from the US.
“I will instruct my Treasury Secretary to declare China a currency manipulator the day I take office” promised Donald Trump on October 22.
The world sadly lacks a simple word for the immense wave of complications caused by the Trump election, Brexit and all the likely knock-ons from them both. Here’s our suggestion.
A possibly unscripted February 13 remark by Donald Trump might indicate he wants to break up NAFTA, not merely renegotiate it.
The EU has begun preparing for a legal challenge to a US border tax proposal in a move that could trigger the biggest case in World Trade Organisation history, the Financial Times reported on February 13.
In fairness, the actual story consists of:
Taiwan’s Makalot announced on February 9 a double-edged policy on the US in its 2017 “$5 bn – $10 bn” worldwide investment plans.
A wave of resentment at Donald Trump has led to a range of anti-American actions in Mexico, from boycotting Starbucks and encouraging the use of Mexican ingredients to discouraging cross-border shopping truips to US border towns.
China’s income from apparel exports falls dramatically in the second half of 2016. Especially in exports to the UK.
The US dollar value of China’s apparel exports fell year on year by 11.4% in the last six months of 2016: an abrupt worsening of the 4.5% fall in the first six months.
US Congressional Republican leaders made their pitch on February 1 and 2 for handling NAFTA renegotiation and border taxes. Trump’s earlier China commitments seem to have disappeared.
Seemingly endless January trade-related government announcements in the US and UK lacked a single detail businesses could use for planning.
“Trump may have killed the TPP, and while Vietnam’s textile and garment industry may be affected there are still benefits to be had,” says one real businessman.
The eleven countries abandoned by the US when it left the Trans Pacific Partnership on January 23 appear seriously divided about what to do next. Beijing continues to suggest their best response is a completely different arrangement centred on China.