Tariff concerns hang over NY trade show

Chinese and US textile and apparel organizations have expressed concern about the escalating trade tensions and their opposition to protectionism during a major trade show in New York on Monday.

Tariff increases are not just a tax on consumers, they will also bring uncertainty to the stable global supply chain for top brands, Xu Yingxin, vice-president of the China National Textile and Apparel Council, said at the show's opening ceremony.

"Neither US consumers, fashion brands, nor Chinese textile and apparel manufacturers will benefit from the conflicts," said Xu, whose council organized the 2018 China Textile and Apparel Trade Show New York with Messe Frankfurt North America. Around 1,000 exhibitors from 17 countries attended the event, with more than 600 from China.