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US October imports down eight per cent

US textile and apparel imports in October 2019 were down by 8.2 per cent.

US textile and apparel imports from China declined 16.4 per cent in October. From January to October the share of China in US textile and apparel imports declined by 48.6 per cent. The value of US imported apparel in October was down by 12.9 per cent. Apparel imports from China were down by 35 per cent. From January to October, US apparel imports increased 2.6 per cent year on year, of which the cumulative value from China was down by 5.6 per cent. US apparel imports from China fell 18 per cent in September.

There has been no progress in the recent Sino-US trade negotiations. The US may impose tariffs on more Chinese goods including apparel on December 15. If this is done, most of the Chinese textile and apparel will be included in the list of additional duties, so US imports of textile and apparel from China will decrease. Nearly every major apparel company in the US has slashed its sourcing from China as the raging trade war between the US and China has triggered steep punitive tariffs.

 
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