>>
Home / Knowledge / News / Textiles / Weak trade policy mires domestic manufacturing status

Weak trade policy mires domestic manufacturing status

11
Apr '08
American Manufacturing Trade Action Coalition (AMTAC) Executive Director Auggie Tantillo debated National Association of Manufacturers (NAM) Vice President of International Economic Affairs Frank Vargo at the Washington International Trade Association's (WITA) forum on Trade and Manufacturing.

Domestic manufacturing is mired in the midst of a crisis unprecedented since the Great Depression. Deeply flawed U.S. trade policy is the single most important root cause of the illness, undermining U.S. manufacturing competitiveness on a global basis.

Absent a rational U.S. trade policy, U.S. manufacturing should be experiencing the best of times. Consider the following. Since 1950, U.S. Gross Domestic Production (GDP) has grown 550 percent in inflation-adjusted terms while the U.S. population has doubled from 150 million to 303 million. Since 1990, U.S. GDP has grown by a little more than 50 percent in inflation-adjusted terms while the U.S. population has increased by 54 million.

Moreover, the percentage of U.S. GDP used for consumer consumption has been above 70 percent in each of the previous six years. Noting this figure, it should not be surprising that U.S. household and federal government debt has skyrocketed to unprecedented levels. Together, household and federal debt almost have doubled over the past seven years, soaring by $10.4 trillion to reach $23.1 trillion, an amount 64 percent larger than the entire Gross Domestic Product (GDP).


Must ReadView All

Pic: Shutterstock

Textiles | On 24th May 2022

US textile & apparel exports up 13% in January-March 2022

The exports of textiles and apparel from the United States were up by ...

Pic: Shutterstock

Apparel/Garments | On 24th May 2022

As German economy foresees a shrink, Bangladesh's exports may reduce

As the German economy is at the risk of shrinking by 2 per cent this...

Pic: Shutterstock

Textiles | On 24th May 2022

China to initiate steps to keep major economic indicators stable

China will adopt a slew of strong and targeted measures to stabilise...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Textile Industry, Head Honchos

Textile Industry
Head Honchos

Increase foreign exchange and create jobs

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

J Vargas,

J Vargas

With a vision to be the world's top tier textile manufacturer, Badjatex...

Zuzana Gombošová,

Zuzana Gombošová

Started as a research project in 2015, everything at Malai starts with...

Dr Anton Firth & Dr Aida Rafat,

Dr Anton Firth & Dr Aida Rafat

Founded in 2020 in London, DyeRecycle develops an innovative dyeing fibres ...

Christopher Astley, INDA

Christopher Astley
INDA

<font face="Arial, sans-serif"><span style="font-size: 16px;">INDA,...

Serkan Gogus, Mogul Nonwovens

Serkan Gogus
Mogul Nonwovens

Mogul is a global player ranked among the top 40 nonwoven producers in the ...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Barbara Biosah, Label - Dumebi

Barbara Biosah
Label - Dumebi

Label DUMEBI is a luxury womenswear brand specialising in unconventional...

Bani Pasricha,  Label - Bani Pasricha

Bani Pasricha
Label - Bani Pasricha

An Indian fashion-designer and a recipient of one of the most prestigious...

Susumu Miura, Label - Avalone

Susumu Miura
Label - Avalone

<div>Tokyo-based fashion brand Avalone, founded by Susumu Miura in 2013...

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

ESTEEMED CLIENTS

Page Industries Limited (Bangalore)
Brückner Trockentechnik GmbH & Co. KG
Abit
IFF Media Ag - International Media Services
Phong Phu international JSC (PPJ)
Karl Mayer Textilmaschinenfabrik GmbH
Pt. Peraga Nusantara Jaya Sakti
Equinox Impex India
Thermore (Far East) Ltd.
VNU Exhibitions Asia
Seasalt Limited
Varner AS Retail
Boardriders Asia Sourcing Limited
Tory Burch Hong Kong Ltd
Eurofins BLC Leather Technology Centre Ltd
Lifestyle
Jiangsu Yingyang Nonwoven Machinery Company Limited
Weitmann & Konrad GmbH & Co. KG
UBM China (Shanghai)
J ;& P Coats
International Textile Manufacturers Federation
JES MEDIA, INC
Aquarelle Clothing Limited
EUROVET ASIA LTD
Indo Tex
PVH Corporation
OVS Hong Kong Sourcing Ltd.
Inter Expo Center Ltd.
Etam Group Strategy Hong Kong Limited
Hela Clothing Pvt Ltd
GERBER TECHNOLOGY LTD.
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Officina Meccanica Dora Enrico Srl
Sportmaster Ltd.
GHCL LIMITED
Tchibo GmbH
CSGIA(China Screen Printing & Graphic Imaging Association)
TESCO INTERNATIONAL SOURCING LIMITED
NV Michel Van de Wiele
Shanghai  Aige Exhibition Service Co., Ltd
Alix Partners
The LYCRA Company Singapore  Pte. Ltd
Sateri (Jiujiang) Fiber Co.,Ltd
Reiter India Private Limited
Grasim Industries Limited
Messe Frankfurt Exhibition GmbH
Flainox S.r.l.
X-Rite Asia Pacific Limited (HK)
Itema Weaving (India) Private Limited
G-Star Raw C.V.
Coats Digital Limited
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Vardhman Textile Ltd
LC Waikiki
The LYCRA Company Singapore  Pte. Ltd
APLF Limited
Performance Days
BIMBA ;& LOLA SL
Gatsby Africa
Kornit Digital Asia Pacific Ltd
KAS Direct Sourcing
EPCH
Green Fibre
ITMA Services Pte Ltd
IDH – The Sustainable Trade Initiative
Saurer Textile Solutions Pvt. Ltd.
Color Service s.r.l.
Chori Company Limited
THE BOMBAY DYEING ;& MFG.CO. LTD
Target Corporation (MN)
GIOVANNI BOZZETTO S.p.A.
Colours India Inc
Tradewind International Servicing
Midas Clothing Limited
Under Armour Global Sourcing Ltd
Chico’ FAS
SHAHI Exports Pvt Ltd
C;&A Sourcing International Ltd
Copenhagen Fashion Summit
John Varvatos
TÜYAP IHTISAS FUARLARI A.S.
Hirdaramani International Export Private Limited
Meera Dyestuff Industries
Esprit Europe Services GmbH
Applied DNA Sciences Inc
Sainsbury's Argos Asia Limited
Recron Polyester from Reliance Industries Limited
H. Stoll AG & Company KG
Infor (Hong Kong) Limited
Splash
BTC Textiles LLC
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Groz-Beckert KG
Palexpo SA
BTSR International S.P.A.
NITI Aayog
Guess Europe Sagl,
DuPont de Nemours, Inc.,
DyStar India Pvt. Ltd
Helly Hansen Far East Ltd
Zünd Systemtechnik AG
Mayer & Cie. GmbH & Co. KG
Huntsman (Singapore) Pte Ltd
TESTEX AG, Swiss Textile Testing Institute
Stahl Holdings B.V.,
Truetzschler India Private Limited
Istanbul Fuarcilik A.S.
USTER
Mesdan SPA
Maceton Limited
Gloria Jeans
Zydex Industries
Lacoste (Wanchai)
Indofil Industries Limited - Specialty & Performance Chemicals Division
Landmark Group
Lenzing Aktiengesellschaft
Amazon China
Brandix Lanka Limited
K AND D ITMACH EXPOSITIONS LLP
Kern – Liebers Textile
Centric Software
FESPA (Reigate)
Thai Trade Center
Shima Seiki Mfg. Ltd.
CGS Inc.
Haelixa AG
Permoda(Koaj/Armi/Pronto/Bkul)
Dow Silicones Corporation
Alison Hayes Romania
EMBEE CORPORATION
Vianney Textil Hogar S.A. De C.V.
Bluestem Global Sourcing Limited
FULGAR SpA
Aramark Uniform ;& Career Apparel, LLC
IKEA of Sweden AB
Savio Macchine Tessili S.P.A.
Newtech Textile Technology Development (Shanghai) Company Limited
Thai Acrylic Fibre Company Limited
Bluesign Technologies Ag
G.A.S. unternehmenskommunikation gmbh
Rieter India Private Limited
MAS Active / MAS Kreeda / MAS Bodyline
Rayonese Textile Inc., Division de Culp Inc.
Asos
Tommy Hilfiger
COTTON COUNCIL INTERNATIONAL
Aleph Srl
Decathlon
Eastman Chemical Company
China World International Exhibition Company Limited
Calvin Klein
Gokaldas Exports Limited
Taiwan Textile Federation (TTF)
BIANCA
Arvind Limited
Walmart
ZAITEX spa
Groz-Beckert East Asia LLP
Datatex Consulting Srl
Woolmark Services India Pvt. Ltd.
Lululemon Athletica Inc
H;&M Hennes ;& Mauritz (Far East) Ltd
Messe Duesseldorf
Lectra Technologies India Pvt Ltd.
Cat Tuong Real Estate Group Joint Stock Company
Tuyap Tum Fuarcilik Yapim A.S.
IIGM Private Limited
BRINKMANN GMBH
SYNERGIES HONG KONG LIMITED
Marzoli Machines Textile s.r.l.
Lisa S.P.A.
The Top Form Brassiere Manufacturing Company Limited
Benetton Group
Xtema - Thomas Lebherz Textilmaschinen
Nandan Denim Limited
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
T.T. Limited
Babyshop
Loris Bellini S.r.l.
Italian Trade Commission
Comasia Limited
KIABI
Nihalani Events Management
TEXVALLEY MARKET LIMITED
Gap International Sourcing Limited
Jindal Worldwide Limited
Datacolor AG Europe
International Sourcing Expo Australia
Rosset ;& Cia Limited
Sportswear Company Spa
Restoque S.A.
Lottmann Communications
Desigual - ABASIC, S.A.
Puma
N9 World Technologies Private Limited
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Lenzing Aktiengesellschaft - India
Recron Polyester from Reliance Industries Limited

May 2022

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


Advanced Search