Home    Resource Store    Past Issues    Buyers' Guide    Career Center    Subscriptions    Advertising    E-Newsletter    Contact

Textile World Photo Galleries
May/June 2015 May/June 2015

View Issue  |

Subscribe Now  |

Events

Techtextil North America 2015
06/02/2015 - 06/04/2015

JEC Americas Composites Show & Conferences
06/02/2015 - 06/04/2015

The GarTex Show - The International Machinery Sourcing Exhibition for Garments, Textile and Allied Industry of Bangladesh
06/11/2015 - 06/13/2015

- more events -

- submit your event -

Printer Friendly
Full Site
Washington Outlook Archive
James A. Morrissey, Washington Corrrespondent

Legislation Seeks Tariffs On Chinese Goods

James A. Morrissey, Washington Correspondent

Senators Charles Schumer (D-NY) and Lindsey Graham (R-SC), along with several bi-partisan co-sponsors, have introduced legislation (S.295) that would permit the president to impose tariffs of 27.5 percent on Chinese imports in order to help offset what they see as an unfair subsidy resulting from an artificially pegged currency. The legislation calls for a negotiation period of up to six months, and if agreement is not reached, the United States could impose the tariffs. While there is a specific timetable for imposing the tariffs, they could be delayed further if the president determines there is progress toward parity. Since that could drag out any action for a year or more, the legislation appears to be designed to encourage a negotiated solution to the problem.

US textile manufacturers contend that Chinese currency manipulation amounts to a subsidy of as much as 40 percent on textiles and apparel, but the legislation appears to be a step in the right direction, especially if it could lead to a negotiated solution.

February 2005




Advertisement