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US Govt approves four more safeguards on China, AMTAC 'gratified'

19 May '05
4 min read

In terms of volume through April 2005, the safeguard petitions approved today:

cover 1.1 percent of total US textile and apparel imports from the world;
cover 4.1 percent of total US textile and apparel imports from China, and;
cover 12.8 percent of US imports from the world in the categories affected.

In terms of value through the first quarter of 2005, the safeguards approved today:

cover 0.095 percent of the $380.85 billion in total US imports;
cover 0.7 percent of the $51.03 billion in total imports from China;
cover 1.7 percent of the $21.05 billion in total US textile and apparel imports;
cover 13.9 percent of the $2.6 billion in total imports in the individual categories affected;
cover 7.6 percent of the $4.77 billion in total US textile and apparel imports from China, and;
cover $362 million in textile and apparel imports from China.

With approval of the safeguards, the growth of Chinese exports to the United States will be limited to 7.5 percent when the US government sends China an official diplomatic cable requesting consultation on this matter.

The United States and China then have 90 days to consult and try to reach an agreement on limiting the growth of Chinese exports to the United States in these categories. If no agreement is reached, the United States can maintain the 7.5 percent growth limit through the end of calendar year 2005.

The US right to impose snited States can maintain the 7.5 percent growth limit through the end of calendar year 2005.

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