The U.S. Department of Commerce confirmed that imports of textiles and apparel decreased by 9.7 percent from April 2008 to April 2009, and import value declined by $5.8 billion, reflecting the depressed worldwide economy. Three countries holding their own in a down market are China, with a 15 percent increase in imports over the previous month; Vietnam, with import values holding steady at $374 million; and Korea, which increased import volume by 2.5 percent, but lost import value.
U.S. textile imports decline
Industry News | August 1, 2009 | By: ATA
You might also like...
EU pauses countermeasures on U.S. tariffs for 90 days
SBA announces Made in America Manufacturing Initiative
President Trump pauses most tariffs for 90 days, increases tariffs on Chinese imports
Tariffs on imports to the U.S. begin, affecting multiple countries
President Trump imposes 25% tariff on automobile imports beginning April 3
European Commission delays tariffs on U.S. goods until mid-April