The Financial Express

US-China tariff dispute dampens Las Vegas trade show

US-China tariff dispute dampens Las Vegas trade show

"There is a lot of fear in the marketplace, people are worried," Jimmy Gindi, a New York-based footware seller said Sunday at the Sands Expo  and  Convention Center in Las Vegas.

There was a distinct feeling of unease in the aisles of the semi-annual US Off Price Show (OPS) held this weekend, as fears of escalating tariffs between the United States and China took their toll, reports Xinhua.

At the OPS, apparel, shoes and accessory buyers and sellers from all over the world meet to keep current with global fashion trends, source cut price apparel and manufacturers, and find retailers ready to snap up their wares.

With China supplying an estimated 50 to 80 per cent of the goods on sale at the trade fair, buyers and sellers were feeling the chill as the clock counts down to the next round of Trump Administration tariff hikes which is scheduled to be imposed from Sept 01.

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