Fabric Executives’ Predictions Differ as Countdown on New Chinese Tariff Looms

Government officials are now taking public comments until August 30, after which there could be a 10 percent tariff on upholstery, decorative fabrics, and other material made in China. “Clearly it will drive up costs and hurt margins,” Cary Kravet, president of Kravet Fabrics, said. “Both consumers and companies will feel some effects.” The short-term effects will be higher costs, but...