ANI
04 May 2025, 10:04 GMT+10
Washington DC [US], May 4 (ANI): The United States has issued a sharp warning over China's trade practices in the textiles and apparel sector, citing a pattern of non-market policies.
The Office of the United States Trade Representative (USTR) noted a growing strain on US producers, with 28 US manufacturing plants having closed over the past 22 months. In 2024, the United States imported USD 79.3 billion worth of apparel, with 21 per cent of that coming from China.
Sharing a post on X, the USTR wrote, 'In honor of National Textile Day, USTR is calling out the unfair trade practices undercutting the American textiles and apparel sector. China's non-market policies and practices in the textiles and apparel sector provide unfair competitive advantages to its domestic manufacturers by enabling them to charge artificially low prices for their products. US textile and apparel manufacturers have been negatively impacted with 28 US plants closing in the past 22 months.'
https://x.com/USTradeRep/status/1918806023604973675
In another post, USTR wrote, 'The United States imported $79.3 billion worth of apparel in 2024, 21% of which came from China. Chinese e-commerce companies accounted for over 30% of all daily de minimis shipments into the United States, flooding our market with cheap apparel products while bypassing tariffs and evading trade enforcement mechanisms. The influx of cheap apparel has decimated local industries, particularly in the Southeast United States.'
https://x.com/USTradeRep/status/1918806028944097466
According to USTR, the US total goods trade with China was an estimated USD 582.4 billion in 2024. US goods exports to China in 2024 were USD 143.5 billion, down 2.9 per cent (USD 4.2 billion) from 2023. US goods imports from China in 2024 totalled USD 438.9 billion, up 2.8 per cent (USD 12.1 billion) from 2023. The US goods trade deficit with China was USD 295.4 billion in 2024, a 5.8 per cent increase (USD 16.3 billion) over 2023. (ANI)
Get a daily dose of Calgary Monitor news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Calgary Monitor.
More InformationDUBLIN, Ireland: Tourism to Ireland took another hit in March, with the number of overseas visitors falling for the seventh consecutive...
ALBUQUERQUE, New Mexico: Thousands of people are gathering in New Mexico for a big event that celebrates Native American and Indigenous...
Washington DC [US], May 4 (ANI): The United States has issued a sharp warning over China's trade practices in the textiles and apparel...
(250504) -- MADRID, May 4, 2025 (Xinhua) -- Aryna Sabalenka greets spectators after winning the women's singles final between Aryna...
Singapore's ruling party secures majority in general electionSingapore's ruling People's Action Party (PAP) has secured a simple majority...
Since March 15, the United States hasintensifiedits aerial campaign against Yemens Iran-backed Houthi rebels, claiming to have hit...
(250504) -- TORONTO, May 4, 2025 (Xinhua) -- Theo Corbeanu (L) of Toronto FC breaks through during the 2025 Major League Soccer (MLS)...
New Delhi [India], May 3 (ANI): The National Investigation Agency (NIA) on Saturday collected voice and handwriting samples from Tahawwur...
(250503) -- VANCOUVER, May 3, 2025 (Xinhua) -- People carry flowers as they visit the site of the Lapu-Lapu Day festival tragedy in...
Canberra [Australia], May 3 (ANI): Australians are set to make a crucial choice this Saturday as they head to the polls in a tightly...
Over the past two decades, Serneels has crossed continents more than 60 times, tirelessly traveling into China's rural heartlands....
Ottawa [Canada], May 2 (ANI): Canadian Prime Minister Mark Carney held his first press conference after winning the elections on Friday...
