AMERICAN COTTON AND CLOTHES MANUFACTURERS CALL FOR US AND CHINA TO DRAW BACK FROM TARIFF WAR
April 1st, 2018
The National Cotton Council of America (NCC) has warned that “China’s announcement of significantly higher proposed tariffs on US raw cotton shipped to that country would significantly harm the economic health of the US cotton industry."
Commenting on how the Chinese government has said it may impose these duties if the USA goes ahead with its plans to impose 25% duties on mostly technological imports from China (including textile machinery), the NCC noted that for the current 2017 crop year, China is America’s second largest cotton export market, with ...
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