Four U.S. textile trade associations, the National Council of Textile Organizations (NCTO), American Fiber Manufacturers Association (AFMA), Narrow Fabrics Institute (NFI), and United States Industrial Fabrics Institute (USIFI), have outlined the causes of the $95 billion U.S. trade deficit in textiles and apparel. They also have suggested remedial actions for the Trump administration to boost U.S. production and jobs in joint comments submitted to the U.S. Department of Commerce. In addition, NCTO’s Upholstery Fabrics Committee submitted a separate statement detailing the reasons for the U.S. trade deficit in upholstery fabrics, focusing on the imbalance with China in particular. The comments were submitted in response to a notice for public comment issued by the Department of Commerce and the Office of the U.S. Trade Representative pursuant to an executive order signed by President Trump.
Action urged on trade deficit
Industry News, News | June 30, 2017 | By: ATA
You might also like...
AATCC announces 2024 student chapter award winners
Meijer donates $250,000 to Detroit-based Industrial Sewing and Innovation Center
Archroma and Cotton Incorporated renew 8-year collaboration
INDA honors three nonwoven industry professionals with lifetime awards
Elevate Textiles names Jeffrey P. Pritchett CEO, board member
2024 Techtextil and Texprocess Innovation Award winners announced