US Textile Prepares for Anti-Subsidy Tariffs Against China
Source: emergingtextiles Date: 2007-05-24
A new weapon is being prepared against US apparel imports from China after Washington imposed anti-subsidy duties on certain Chinese products for the first time in twenty years. Future additional tariffs could exceed 20%, in line with substantial subsidies benefiting the Chinese clothing industry. Such a threat may force Beijing in further reducing export subsidies or face new obstacles on the US market in the post-quota period.
