The Changing Landscape of World Textile Trade Sourcing Landscape Where Are We Today? •China •Tariffs •USMCA (United States–Mexico– Canada Agreement) •More Enforcement •New Trade Talks Trump Administration Trade Agenda 2019 Trade Policy Agenda •Inheriting a deeply flawed global trading system •Making U.S. trade policy work bet- ter for American workers •Pursuing new trade deals and stron- ger enforcement to continue rebal- ancing •America’s trade relationships In 3 years, President Trump has… •Withdrawn from the Trans-Pacific Partnership (TPP) •Renegotiated U.S.-Korea Free Trade Agreement and signed trade deal with Japan •Renegotiated NAFTA (now called USMCA) •Imposed new 232 penalty tariffs on imports of steel and aluminum •Imposed new 301 penalty tariffs on imports from China – Targets forced technology transfers & IPR viola- tions •Imposed new 301 penalty tariffs on imports from the EU U.S. Section 301 tariff measures on Chinese productsJulia K. Hughes is President of the United States Fashion Industry Association (USFIA), which represents brands, retailers, importers, and wholesalers based in the United States and doing business globally. She represents the industry in front of the U.S. government as well as international governments and stakeholders, explaining how fashion companies create high quality jobs in the United States and economic opportunities around the world. An expert on textile and apparel trade issues, Julie has testified before Congress and the Executive Branch. She frequently speaks at international conferences including the China & Asia Textile Forum, Fashion Institute of Julia K. Hughes Technology (FIT), Harvard University’s Bangladesh Development Conference, MAGIC, Prime Source Forum, Vietnam Textile Summit, and others. Julie served as the first President and is one of the founders of the Washington Chapter of Women in International Trade (WIIT) and is one of the founders of the WIIT Charitable Trust. She also was the first President of the Organization of Women in International Trade (OWIT). In 1992, she received the Outstanding Woman in International Trade award and in 2008, the WIIT Lifetime Achievement Award. She also is a member of the International Women’s Forum. She has an M.A. in International Studies from the Johns Hopkins School of Advanced International Studies and a B.S. in Foreign Service from Georgetown University. List 2List 4 Affected Products: Products principal- ly identified under China’s “Made in China 2025” policy (279 tariff lines). Effective Date: August 23, 2018. Tar- iff Rate: 25% on $16 billion annual trade value. Process: Some exclusions ap- proved.Affected Products: Essentially all products not already subject to Sec- tion 301 additional tariffs. Products in- clude all apparel, footwear, and manu- factured textile products. (3805 Tariff lines). Effective Date: List 4A Septem- ber 1, 2019 and List 4B December 15, 2019. Tariff Rate: Original 15% on List 4A was reduced to 7.5% on February 14, 2020. List 4B tariffs did not go into effect. Process: Exclusion process ended January 31, 2020.List 1List 3 Affected Products: Products that gen- erally fall into the technology sector and cut across the aerospace, information and communications technology, robot- ics, industrial machinery, and automo- tive industries (818 Tariff lines). Effec- tive Date: July 6, 2018. Tariff Rate: 25% on $34 billion annual trade value. Pro- cess: Some exclusions approved.Affected Products: Many products in- cluding consumer items such as head- wear, leather, apparel, handbags, lug- gage, gloves, and furniture. (6031 Tar- iff lines). Effective Date: September 24, 2018 Tariff Rate: 10% immediately on $200 billion annual trade value. In- creased to 25% on May 10, 2019. Pro- cess: Some exclusions approved. NCM-MARCH 2020 35Higher Tariffs As of February 19th, the U.S. collect- ed more than $56.6 billion in additional tariffs •$1.4 billion in Section 201 tariffs.