CBP has reclassified certain men’s vests/sleeveless jackets as sleeveless jackets under HTSUS 6201.40.7000 (if water-resistant; 7.1 percent duty) or HTSUS 6201.40.7511 (if not water-resistant; 27.7 percent duty) rather than vests under HTSUS 6211.33.0054 (16.4 percent duty).
Mexican authorities have walked back certain restrictions on the use 0f Mexico’s IMMEX duty deferral programme for e-commerce textile and apparel shipments following an uproar by various businesses and trade associations in both Mexico and the U.S.
On 27 December 2024, the Official Journal of the European Union published Council Regulation (EU) 2024/3211 suspending the Common Customs Tariff duties on certain agricultural and industrial products. A few days earlier, namely, on 19 December 2024, the Official Journal published Council Regulation (EU) 2024/3213 opening and providing for the management of autonomous tariff quotas of the Union for certain agricultural and industrial products. Pursuant to these two regulations, operators – including those based in Hong Kong – may find increased opportunities to sell the goods covered by those regulations to EU customers.
Mexico has increased from 20-25 percent to 35 percent its MFN import duties on 138 tariff lines covering a broad range of apparel and made-up textile products as well as from 10 percent to 15 percent on 17 tariff lines covering various types of textile fabrics. These higher duties will remain in place until 23 April 2026 but they could very well be extended beyond that date.
The European Commission has issued a decision imposing a total fine of €5.7 million on Pierre Cardin and the brand’s main licensee, Ahlers, for engaging in anticompetitive practices. The practices restricted cross-border sales of Pierre Cardin clothing and the category of sellers to which Pierre Cardin licensed clothing could be sold.
HKTDC conducted a survey with nearly 368 buyers and exhibitors at CENTRESTAGE 2024. The results show that while the fashion businesses remain neutral about short-term market prospects, there is more optimism over the medium term. Fashion accessories have been identified as the segment with the greatest potential.