U.S. Tariffs on China Help Rescue American Textile Companies from Ruin

  • 📰 BreitbartNews
  • ⏱ Reading Time:
  • 70 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 51%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.

United States tariffs on China-made imports have helped rescue America’s left-behind textile industry from devastation after decades of free trade that came with mass layoffs of the nation’s textile workers.

Ferrara Manufacturing CEO Joseph Ferrara credited tariffs on Chinese imports for helping revive his manufacturing business based in New York City, New York. Those tariffs include those on textile goods from China first imposed by former President Donald Trump and continued by President Joe Biden. “The private-label business was once a very strong, thriving business for us, and we’re starting to see that return because of duties and tariffs,” FerraraThe tariffs have been more than welcome news for America’s textile industry following decades of free trade policy that started with allowing China to enter the World Trade Organization in 2001.

“Over the last 25 years, apparel had the largest decrease among all manufacturing industries with a decrease of 85 percent,” a Bureau of Labor Statisticsthat his family-owned manufacturing business once made denim for Levi Strauss but as a result of free trade policies, they have closed seven manufacturing facilities since 1998 and switched to making military uniforms for the U.S. Armed Forces.“I will impose an across-the-board tariff on foreign-made goods,” Trump has said on the campaign trail.

Fetterman: Civilian Deaths from Rafah Strike ‘Awful’ But Hamas Hides Behind Civilians, Kept Munitions ThereRobert De Niro Solicits Donations for Biden Campaign: ‘Trump Is a Monster,’ ‘Not a Shred of Humanity to Hang on To’

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 610. in BR

Brasil Últimas Notícias, Brasil Manchetes