Global shipping to shift as Europe and southeast Asia fill US gap in China trade
China is cultivating trade ties with Southeast Asia and Europe in the face of intensifying ...
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US apparel and footwear businesses are facing a tariffs headwind that will see their focus directed to sourcing rather than selling. Speaking to Bloomberg, chief executive of Columbia Sportswear Tim Boyle said the ongoing trade war between China and the US had been “very disruptive” for business. The forced focus on sourcing is expected to hit sales despite the company being “quite adept” at moving production around to “take advantage” of the tariffs. Even so, Just Style notes Mr Boyle’s concerns that with others shifting production to the markets Columbia uses, the price it pays for goods would likely climb.
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