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Jilted TPP partners divided over response

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.

Chinese apparel making costs duck national trend as US prices tumble

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.

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Trumps confirms TPP withdrawal – but silent on renegotiating NAFTA or branding China a “currency manipulator”

A November 21 video by Donald Trump seems to be backtracking on trade commitments made just four weeks earlier.

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US Congressional committee claims China “violates the spirit and the letter of its international trade obligations”

A US Congressional committee prepared a report before the November 8 elections savagely attacking China’s good faith as a trading partner.

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Obama administration gives up on TPP

The US Administration admitted on November 11 it no longer expected Congressional ratification of the Trans Pacific Partnership (TPP) during the Obama Presidency. President-elect Trump has already announced abandoning the deal will be among his first acts after his January 20 inauguration.

Donald Trump’s immediate plans for the apparel industry

On October 22, Donald Trump published his work programme for the first hundred days of his Presidency.

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China halts decline in US sales

US apparel imports from China – measured in square metres of apparel – grew during the second quarter of 2016 0,9% over the same period in 2015, after widespread misunderstandings about a 39% year on year fall in the dollar value of imports during March 2016.