Lawmakers Urge USTR to Retain Strict Textile Tariffs
Over a hundred lawmakers emphasized the need to maintain the “yarn forward” import policy with Vietnam in a letter to the U.S. Trade Representative (here). The policy mandates duty-free Vietnamese apparel is manufactured with regional textiles. The Vietnamese government, as part of Trans-Pacific Partnership (TPP) negotiations, is seeking to alter that policy to permit use of Chinese textiles. The lawmakers argued such a policy alteration would cost half a million U.S. jobs.
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The National Council of Textile Organizations (NCTO) voiced support for the letter to the USTR and efforts retain textile tariffs. Congressional support for textile tariffs has more than doubled over the past year, with 167 House members signing the July 10 letter, the trade association said in a press release (here).