Rick Helfenbein, president and CEO of the American Apparel & Footwear Association (AAFA), said the Trump administration’s recent decision not to further increase tariffs by 5% is “not much relief at all”. Mr Helfenbein was speaking on “Bloomberg Daybreak: Asia”, responding to 11 October’s news that the US would not increase duties on $250 billion worth of Chinese goods from 25% to 30% as previously threatened.

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