Key Points:

  • As the U.S. and China are closing in on reaching an interim trade deal, the head of the American Apparel & Footwear Association (AAFA) says the organization is “incredibly not happy” over the situation.

 

  • “We don’t see a win for us in this deal,” said Rick Helfenbein, president and CEO of the trade organization.

 

  • Last month, the U.S. and China reached a truce and started working to finalize a “phase one” trade agreement that includes a pause in tariff escalation and China buying U.S. agriculture products.

As the U.S. and China close in on an interim trade deal that would thaw tensions between the two economic powerhouses, the American Apparel & Footwear Association (AAFA) said it is “incredibly not happy” over the situation. Read More