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Amid all the drama surrounding President Trump‘s imposition of tariff on China, Mexico, Canada and the European Union, Central American countries have been able to stay above the fray.
That’s a good thing for many companies that consider the region vital to their supply chain, according to executives at the 2018 pro:Americas NYC Regional Summit hosted by the American Apparel Producers Network (AAPN).
Responding to a question on why Trump hasn’t gone after the Central American Free Trade Agreement like he has the North American Free Trade Agreement (CAFTA), AAPN managing director Mike Todaro, said, “The U.S. has a trade surplus with Central America, that’s why. It’s making money, not losing money.”
Though a positive for the region, Tony Anzovino, AAPN president and chief sourcing and merchandising officer for Haggar Clothing Co., said one of the problems in the region compared to Asia—China in particular—is “the merchandising aspect, the response...