We encourage the U.S. to move forward in implementing the cases with final decisions pending by close of business today (Wednesday). The proper use of the safeguard is necessary to offset China's unfair trade practices that have caused substantial job loss in the U.S. textile sector.
The US textile industry will file as many safeguard cases as it takes to halt these job-killing trade practices.
China's proposal is still unacceptable to the US textile industry in terms of breadth of coverage and in length -- number of years covered.
If China isn't moving, then the right thing to do is go home.
We maintain our long-standing position that while the textile industry wants a comprehensive agreement, any agreement must be in the industry's best interest. No deal is better than a bad deal.
These filings show the Chinese that if you don't make progress, we are going to exercise our rights. We are going to moderate trade.
Our understanding is that there was absolutely no progress. A mutual agreement does not appear to be on the cards in the near future.
It appears that it's over this week, and no agreement has been reached.
The reason that the Chinese have dropped their prices so much is that they are engaged in predatory activity in an attempt to wipe out all other competition.
Copyright © 2024 Electric Goat Media. All Rights Reserved.