CHINA UPSTREAM TEXTILE PRODUCERS FACE DEMAND DROUGHT AS US TRADE WAR INTENSIFIES
August 1st, 2019
Chinese upstream textile producers are increasing production as fears grow that the trade war with the US will hurt exports of apparel and other textile products, now additional 10% tariffs are to be levied on a wide range of China-made textile and clothing products from September 1. The duties on exports to the USA seem to have scuttled a trade truce signalled by the US and Chinese governments at the G20 summit in Osaka in late-June.
“That third tranche would involve almost all garments, fabrics and yarns,” said Salmon Lee, head of polyesters at UK-based ...
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