Home / Knowledge / News / Textiles / NCTO questions US govt approach to tariff reductions

NCTO questions US govt approach to tariff reductions

16
Jan '20
Pic: Shutterstock
Pic: Shutterstock
Applauding the US administration for finally pressing China for a more rational and equal trade relationship, the National Council of Textile Organisations (NCTO), a Washington, DC-based trade association that represents the full spectrum of domestic textile manufacturers, has questioned the last-in, first-out approach to the tariff reductions.

“In our sector, this means that the penalty 301 tariffs on finished apparel and sewn products–the areas where tariffs have the most potential to effect reforms in China while bolstering the Western Hemisphere supply chain–are cut in half while US manufacturers continue to face full tariffs on certain inputs and equipment not available domestically,” NCTO president and chief executive officer Kim Glas said in a statement.

Glas released the statement after the phase I deal on 301 tariffs was signed recently by the United States and China.

“Our industry has been severely damaged by China’s predatory practices over the past 30 years and we are anxious to see a new era of sound trade principles and balanced trade, Glas added.

Fibre2Fashion News Desk (DS)


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2021

Industry 4.0 could transform Cambodian garment sector: ADB

Cambodia should consider developing industry transformation maps in...

Pic: Shutterstock

Textiles | On 22nd Jan 2021

China leads global economic recovery

China has turned the only major economy to end up with a positive GDP ...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2021

Bangladesh apparel exports decline 2.99% in H1 FY21

Readymade garment exports from Bangladesh declined by 2.99 per cent...

Interviews View All

Prabu Mohanram, Balavigna Weaving Mills Pvt Ltd

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Textile Industry, Head honchos

Textile Industry
Head honchos

Opportunity now to reimagine processes & systems in a digital environment

Top executives, Textile industry

Top executives
Textile industry

Sri Lanka has a good sustainable track record and strong stories to back it

Ronald Van Den Broek,

Ronald Van Den Broek

Headquartered in Japan, Mimaki Engineering Co. Ltd. manufactures and...

Saad Khaled Bari,

Saad Khaled Bari

Benetex Industries is a public ltd company established in year 1992 to...

Harmeet Singh,

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

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

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


January 2021

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


Advanced Search