EURATEX urges fair trade amid US tariff concerns

The US is EU 5th most important trading partner, with total trade exceeding €9 billion. American customers enjoy high end fashion items, but also technical textiles coming from Europe. Adding a 20% duty will hamper that relationship.

EURATEX Director General Dirk Vantyghem warned against this tariff escalation: "This decision is like going back in time; it will lead to a lose-lose relationship within the global textile industry. EURATEX stands for free but fair trade, based on common rules which are respected by all; the EU and the US should lead by example, and promote high quality and sustainable textile products.”

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

ALCHEMPro News Desk (HU)