Can the Yuan Help Retailers as the Trade War Engulfs Fashion?The fashion industry has been targeted in a government list of $200 billion worth of Chinese imports set for 10 percent levies.

[Collection]The weakening Chinese yuan could help fashion retailers offset the latest round of Trump administration tariffs, but it might not be enough to stop the predicted decline in American consumers’ purchasing power if the trade war continues, economists warned Wednesday. After successfully escaping the first round of tariffs on Chinese imports, the U.S. fashion industry wasn’t so lucky the second time, with multiple items — from textiles to handbags to footwear and suitcases — on a list of $200 billion worth of items that are next in the firing line for 10 percent levies. Since the trade war between the U.S. and China began, the fear among industry watchers has been that retailers will be left with little choice but to pass on the higher costs to consumers at a time when the U.S. economy is ticking long nicely and the Federal Reserve continues with its plan to slowly normalize interest rates. Rajeev Dhawan, director of the Economic Forecasting Center at Georgia State University, believes that the weaker Chinese yuan could partially offset the 10 percent tariffs that will be implemented in September at the earliest, following two months of hearings. The renminbi fell to 6.67 per dollar on Wednesday after the U.S. made

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