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D.
Moderator
Username: Dave
Post Number: 5537
Registered: 4-1998
| | Posted on Wednesday, March 9, 2005 - 11:10 pm: | 
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quote:Free of Quota, China Textiles Flood the U.S.
By DAVID BARBOZA and ELIZABETH BECKER
Published: March 10, 2005
SHANGHAI, March 9 - In the first month after the end of all quotas on textiles and apparel around the world, imports to the United States from China jumped about 75 percent, according to trade figures released by the Chinese government.
The statistics bear some of the first evidence that China's booming textile and apparel trade, unhampered by quotas, could be prepared to dominate the global textile trade and add to trade tensions around the world. The quotas came to an end on Dec. 31 as a result of an international agreement reached in 1993.
http://www.nytimes.com/2005/03/10/business/worldbusiness/10textile.html?hp&ex=11 10430800&en=1d6d2888a08596ff&ei=5094&partner=homepage |
mjc
Citizen
Username: Mjc
Post Number: 343
Registered: 10-2004
| | Posted on Thursday, March 10, 2005 - 10:48 am: |
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So much for "look for the union label," which was pretty hard already. |
gj1
Citizen
Username: Gj1
Post Number: 131
Registered: 11-2003
| | Posted on Thursday, March 10, 2005 - 11:05 am: |
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I heard on radio this morning that Chinese textile imports are up +500% over 1 year ago. And that's not a typo. |
cjc
Citizen
Username: Cjc
Post Number: 3248
Registered: 8-2003
| | Posted on Thursday, March 10, 2005 - 11:19 am: |
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Yeah. I miss US-made clothing. And buggy whips, while we're at it. |
Bill P
Citizen
Username: Mrincredible
Post Number: 99
Registered: 1-2005
| | Posted on Thursday, March 10, 2005 - 2:52 pm: |
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How are we buying all this stuff with the dollar in the toilet?
Is that part of the plan? Devalue the dollar enough to make US-made textiles cheaper than imports? |
cjc
Citizen
Username: Cjc
Post Number: 3251
Registered: 8-2003
| | Posted on Thursday, March 10, 2005 - 3:04 pm: |
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China won't allow their currency to float, so Chinese products stay competitive here versus products from other countries. Even if they floated, textiles have been in the process of leaving this country for quite a while and will continue to given the nature of the business and the low-skilled labor it uses. |
Montagnard
Citizen
Username: Montagnard
Post Number: 1464
Registered: 6-2003
| | Posted on Thursday, March 10, 2005 - 9:35 pm: |
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The U.S. will also have to eliminate the unfair subsidies it pays to its own cotton farmers, following the latest WTO ruling on a dispute between the U.S. and Brazil. |
The Libertarian
Citizen
Username: Local_1_crew
Post Number: 519
Registered: 3-2004
| | Posted on Thursday, March 10, 2005 - 9:37 pm: |
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:::cackles with joy at the thought of subsidies ending::: |
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