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April 05, 2005
US to China: Stop with the cheap stuff already
From today's WSJ:
Moving to blunt China's clout in textiles, the U.S. launched a series of trade investigations that set the stage for imposing import curbs on Chinese-made apparel.
The Bush administration's announcement comes amid a surge in textile imports from China and complaints by American manufacturers and their supporters in Congress that the U.S. textile industry is fast losing ground.
In a written statement, Commerce Secretary Carlos Gutierrez said the move was a "first step" toward determining whether the U.S. market is indeed being disrupted, and whether the disruptions can be attributed to Chinese imports.
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