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EU seems to be targeting the

US items in tariff war

In response to the recent US announcement to impose tariffs on steel and aluminum imports, its European
allies have warned that they could retaliate, with American products like blue jeans, Harley-Davidson
motorbikes and bourbon being possible targets. The European Union (EU) has published a ten-page list of
US products that could be subject to tariffs.

The list also includes T-shirts, singlets and other vests of wool or fine animal hair or man-made fibres,
women's footwear with outer soles and uppers of leather, peanut butter, orange juice, cranberries and
household articles of stainless steel, according to a report published by the US National Public Radio.

Europe will not sit idly while its industry is hit with unfair measures, putting thousands of jobs at risk;
European Commission President Jean-Claude Juncker was quoted as saying. The EU is seeking comments
from industries affected by the US tariffs.

Bringing together Cotton Vietnam’s textile &

Buyers and Sellers at CCI garment industry expect

Hong Kong fair

On April 10 and 11, 2018 in Hong Kong, the third relationships throughout the supply chain. He also big benefits from EVFTA
Cotton USA fair was held providing a huge global emphasized how Cotton USA uses the latest
sales network to buy US cotton fiber and yarns. Six technologies to deliver superior quality yarn, fabric
cotton friendly technologies were displayed at the and products. VietNamNet Bridge, previously known as the Vuong Dinh Hue said at a recent event that only
fair to develop high quality textile products, as well EU-Vietnam FTA (EVFTA) is signed and the tariff is some technical issues need to be fixed. “I believe
as, new fabric developments. Approximately 350 participants from 18 countries cut to 0%, textile and garment exports to the market that with goodwill on both sides, the issues will be
including Bangladesh, China, Colombia, Germany, may obtain 7-8% growth rate per annum. The settled before the summer so that the agreement
According to Barry Evans, the CCI guest speaker, Honduras, Hong Kong, India, Indonesia, Italy, statement is given by the experts. can be inked,” he said.
the fair provided mills, manufacturers, brands and Japan, Korea, Mexico, Pakistan, Taiwan, Thailand,
retailers an international business platform and Turkey, The United Kingdom, the United States and Vo Van Kien Nhan from Viet Tien Garment JSC said Vitas’ chair Vu Duc Giang said the target of $36
opportunity to build important corporate Vietnam were brought together at the event and that he is looking forward to the signing of EVFTA billion worth of exports this year is within reach
held over 2000 meetings over the two day period.
and puts high hopes on the agreement, though he thanks to the FTAs. A research team from Rong Viet
anticipates serious competition from foreign brands emphasized the big benefits of EVFTA in the
such as Zara and H&M. The preparations for the immediate time, saying that Vietnam will also enjoy
signing of EVFTA are nearly completed. Deputy PM benefits from CPTPP, but it will take time.

April/May 2018 April/May 2018