U.S., China Textile Negotiations Fall Short
November 4, 2005
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November 4, 2005 – After meeting for the fifth time since August, U.S. and Chinese trade representatives failed once again to reach a broad agreement that would limit textile imports from China. The Bush administration did report progress in the talks, but failed to provide any details regarding an agreement or future meetings.
Since global quotas were lifted on January 1, a surge in textile imports from China has resulted in the loss of thousands of U.S. manufacturing jobs and a ballooning trade deficit with China.
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