TEXTILE SECTOR LIKELY CASUALTY OF NEW USA AND CHINA LATEST TRADE WAR
April 1st, 2018
THE TEXTILE sector looks likely to become a major casualty of a new trade war brewing between the USA and China, unless the two governments step back from the brink and strike a deal rather than impose tit-for-tat duties.
Upset about alleged thefts of American intellectual property by Chinese industrialists, the USA has proposed imposing 25% duties on a wide-range of China-made manufactured goods. In response, the Chinese government has said it is prepared to impose 25% duties on uncombed cotton and cotton linters exported from the USA and Canada: it has been ...
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