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Chinese textile subsidies grow to $10 billion
25 Nov '08
4 min read
Earlier this month, the U.S. Government reported that the United States current trade deficit with China (January to September) had risen to $195.4 billion, compared to $187.6 billion in 2007.
The increased trade deficit coupled with the economic downturn has added to the decline of textile and apparel production in the U.S. Since January, the textile industry has lost more than 33,000 good quality textile and apparel jobs; a direct result of unfair trade practices in China and other countries. These figures strengthen the call for effective trade policies and enforcement, as well as strong economic policies for U.S. manufacturing which has lost more than 450,000 jobs this year.
The increased trade deficit coupled with the economic downturn has added to the decline of textile and apparel production in the U.S. Since January, the textile industry has lost more than 33,000 good quality textile and apparel jobs; a direct result of unfair trade practices in China and other countries. These figures strengthen the call for effective trade policies and enforcement, as well as strong economic policies for U.S. manufacturing which has lost more than 450,000 jobs this year.
National Council of Textile Organisations
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