That was the message to attendees at the 28th Apparel Importers Trade and Transportation Conference in New York City Wednesday, hosted by the United States Fashion Industry Association (USFIA) and the American Import Shippers Association (AISA), the morning after the shocking result that sent global markets into a tailspin.
“I think there’s some opportunity in a Trump administration,” posited David Spooner, partner at Barnes & Thornburg LLP in Washington, D.C., and former chief textile and apparel negotiator at the Office of the U.S. Trade Representative (USTR). “Assuming chaos provides opportunities, and if Trump brings in new faces to USTR, it might give us an opportunity to do new things in trade. We’ve been screwed by the yarn-forward rule for decades. Maybe there’s an opportunity to do things, even if it’s around the margins.”
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