Tariff update - U.S./EU agree to hold talks: During a joint press conference on July 25, President Trump and European Commission President Juncker said they had agreed to discuss resolving the trade dispute between the two trading partners, with the goal of working toward "zero tariffs, zero non-tariff barriers, and zero subsidies." AAFA President and CEO Rick Helfenbein applauded the announcement, but expressed concern with the remaining "contentious relations with other trading nations" in a statement that evening.

Meanwhile, the process to hit U.S. imports from China with punitive tariffs continues. Here's a breakdown of the tariffs currently in effect or under consideration:

List 1 (25% tariff on $50 billion) - Proposed on April 6 as a result of the Section 301 investigation conducted by the U.S. Trade Representative. This list has since been broken into two separate lists:

List 1A (25% on $34 billion) - Tariffs on this list went into effect on July 6 and were followed by China's retaliatory tariffs.

List 1B (25% on $16 billion) - Hearings took place last week and AAFA submitted comments for the record.

List 2 (10% on $200 Billion) - Proposed on July 10 in response to retaliatory tariffs initiated by China on List 1A (July 6). AAFA has requested to testify during the public hearing (August 20-23) regarding the $200 billion list. This list includes several product lines important to the industry, including textiles, travel goods, hats, specialty apparel, and accessories.

For insight on the ongoing trade war and the impact on the industry, download AAFA's Trade War Heat Map (member login required). Interested in regular tariff updates? Contact Membership to learn how to join the Government Relations Committee.

AAFA in Seattle next week! AAFA is bringing its Traceability Seminar, Environmental Committee, and Social Responsibility Committee meetings to Seattle next week. This is a great opportunity to hear from industry experts and connect with colleagues on important issues. The Traceability Seminar is sold out, please contact Katie Gissendanner to be added to the wait list.

See all of AAFA’s latest letters, comments, and testimony here.