Apparel Sourcing Intelligence - Worldwide

US demonstrates its own approach to industry policies.

The standing Democrat on the US Congress Joint Economic Committee (charged with “making a continuing study of matters relating to the US economy”) issued a perceptive report on the US fashion industry on  February 6 that called for no government subsidies, import restrictions or new legislation. Admittedly, it churned out the usual politicians’ naivetés about reshoring.

But did make a modest and realistic pitch for understanding the real contribution the industry makes to a mature Western economy.

The same day, apparel importers’ and retailers’ trade association made a plea to the country’s Congress to speed up agreeing commitments politicians have made in the recent past, but are not currently implemented. 

Three days later, the US announced it was starting a WTO complaints process against China for illicit export subsidies in seven product categories, including textiles and apparel. A lone Senator introduced a Bill to penalise countries “manipulating their currency” – a common complaint among people convinced China’s success in garment and textile making is down to an unfairly undervalued currency.

The US does have a government-intensive textile strategy. It just isn’t written down anywhere, and – like in any democracy – it’s constantly being changed as different lobbyists get it to adjust to a changing world