By Kristi Ellis

“The deal with the EU is really interesting because while we obviously still have very high duties and want to eliminate duties, a large part of what everyone in business is talking about with Europe is dealing with some regulatory barriers,” said Julia Hughes, president of the U.S. Fashion Industry Association. “In that sense, while we are not saying there will be more product made in the U.S. or in Europe [as a result of a trade deal], it is an opportunity to work on eliminating regulatory barriers to trade, which can be extremely costly.”

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