Home / Knowledge / News / Textiles / Will Obama's trade policies support textile trade?
Will Obama's trade policies support textile trade?
Feb '09
Mr Barack Obama
Mr Barack Obama
People hoping audaciously for a change felt their fulfillment when Barak Obama was elected as the 44th president of US. The coming years will be an unprecedented period for the textile and apparel industries of US.

Obama has proposed a detailed plan to get the sliding economy back in track by coming up with more employment generation, and middle-class tax cuts. This gives an option to think that textile and apparel industry would not be the prime focus for a limited time.

In a letter sent to the National Council of Textile Organizations, Obama has given a hint of his notion to change the economic policies observed in the country for the past eight years. He has proposed plans which would give priority to the needs of the middle income populace.

He has articulated his willingness to take actions to curtail the currency manipulation adopted by China, and bring regulations to limit the inflow of textile and apparel imports from China into the US market.

The new reign of Obama is positively expected by the people to bring the country in a good position to deal with the global trade regime.

Click here to view the complete article.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search