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US-China ‘phase one’ deal is not a win for apparel industry, AAFA says

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US President Donald Trump speaks after announcing and initial deal with China while meeting the special Envoy and Vice Premier of the People’s Republic of China Liu He at the Oval Office of the White House in Washington, DC on October 11, 2019.

Nicholas Kamm | AFP | Getty Images

As the U.S. and China close in on an interim trade deal that would thaw tensions between the two economic powerhouses, the American Apparel & Footwear Association (AAFA) said it is “incredibly not happy” over the situation.

“We don’t see a win for us in this deal,” Rick Helfenbein, president and CEO of the trade organization, told CNBC’s “Squawk Box” on Monday. “At the end of the day, we hope these tariffs will go…



Source cnbc.com

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