US TARIFF HURTS, BUT ESQUEL FINDS A WAY THROUGH – JOHN CHEH
December 1st, 2019
The US-China trade war that has been hindering commerce since 2018 has hit the Chinese clothing and textile export sector severely, but companies that have invested in manufacturing sites outside China have been better protected, Esquel CEO John Cheh has told just-style.
In an exclusive interview, he noted that garment exports from China to all destinations, for example, dropped 2.37% Year-on-year to USD124.2 billion in the first half of 2019, according to China Customs. But Cheh said this damage largely spared Hong Kong-based Esquel, the global shirt supplier ...
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