By Kristi Ellis
Julia Hughes, president at the U.S. Fashion Industry Association, said the concern is a hot topic.
“People want to know what the impact will be and whether prices will rise, whether the subsidies made a difference from a costing perspective,” she said. “It’s early days. We haven’t heard from anyone that they have seen price increases linked to the elimination of the subsidies. That doesn’t mean there won’t be any, but there was not an immediate reaction in terms of higher prices.