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When textile quotas end this week, will U.S. jobs go, too?
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| Contributor | ArmyDem |
| Last Edited | ArmyDem Dec 30, 2008 09:44am |
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| Category | News |
| News Date | Monday, December 29, 2008 03:00:00 PM UTC0:0 |
| Description | By Lisa Zagaroli | McClatchy Newspapers
WASHINGTON — As the head of one of the largest yarn manufacturers in the world, Anderson Warlick doesn't mind going up against other businesses. Competing with Chinese products, however, feels like taking on an entire foreign government.
The chief executive of Parkdale Mills in Gastonia, N.C., is worried that already tough competition from China will get far worse after Wednesday, when the remaining U.S. limits on imports of certain textile products expire.
"It's a very serious issue, and it could be devastating for the industry," Warlick said. "I think the entire textile chain will be affected."
At issue are limits on the number of cotton trousers, golf shirts, babies' socks and more than 30 other textile products that China can export to the United States. The quotas expire at the end of this year, and, under a World Trade Organization agreement, the U.S. government can't reimpose restrictions on Chinese textiles.
The industry is worried that what happened in 2005, when similar safeguards were lifted temporarily, will happen again in 2009.
China flooded the U.S. market in 2005, with a more than 1,500 percent increase in cotton trousers alone. While that drove down the prices of those products for American consumers, U.S. textile companies lost about 55,000 jobs that year, more than 8 percent of the industry's work force, trade officials say. |
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