US-Italy Trade Agreement Boosts Button and Fastener Exports
A recent bilateral trade agreement between the US and Italy has reduced tariffs on buttons, press-fasteners, and related products (HS Code 9606), leading to a 15% increase in exports from Italy to the US in the last quarter.
2023-10-15
Impact: This agreement is expected to strengthen the supply chain for garment manufacturers in the US, while benefiting Italian producers with increased market access.
Italian Button Manufacturers Face US Import Quotas
The US has introduced temporary import quotas on certain button blanks and molds from Italy under HS Code 9606 due to domestic industry concerns, affecting shipments starting this fall.
2023-09-01
Impact: This could lead to supply shortages for US apparel industries reliant on Italian button components, potentially increasing costs and delivery times.
Sustainability Push in US-Italy Button Trade
Both countries have agreed to prioritize eco-friendly materials in the production of buttons and fasteners (HS Code 9606), with Italy exporting more biodegradable button blanks to the US market.
2023-08-20
Impact: This shift may increase production costs but aligns with consumer demand for sustainable products, potentially boosting long-term trade volume.
