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As tariffs begin, auto industry given one-month exemption
March 5th, 2025
Imports from Canada and Mexico to U.S. automakers were given a one-month exemption to new tariffs on goods from these two countries, which began March 4. This decision by President Donald Trump comes after a March 5 conversation with three leading U.S. auto manufacturers: Ford, General Motors and Stellantis. The administration indicated this would be […]
Consumer spending fell for first time in nearly two years
March 3rd, 2025
Consumer spending in the U.S. dropped 0.2% in January—the first monthly decline since March 2023. The U.S. Bureau of Economic Analysis measures spending through the Personal Consumption Expenditures (PCE) index, and it decreased $30.7 billion. The bureau said that this reflected a $76.7 billion decrease in spending for goods and a $46.0 billion increase in […]
China trade tariff exclusions expiring
May 30th, 2023
Exclusions from the Section 301 tariffs on imports from China for the following medical care products needed to address the COVID-19 pandemic will expire June 1. - HTSUS 3923.21.0095 (other plastic sacks and bags for the conveyance or packing of goods) - HTSUS 5603.14.9090 (other nonwovens, whether or not impregnated, coated, covered, or laminated) - […]
Textile and apparel groups send letter to VP Harris
June 6th, 2022
The National Council of Textile Organizations (NCTO), representing the full spectrum of U.S. textiles from fiber through finished sewn products, and the Central America – Dominican Republic Apparel and Textile Council (CECATEC), the main apparel and textile group in the region, sent a joint letter to Vice President Kamala Harris on May 31, outlining critical […]
USTR 301 tariffs review statement by NCTO president & CEO Kim Glas
May 5th, 2022
Photo: Diamond Brand Gear National Council of Textile Organizations (NCTO) President and CEO Kim Glas, representing the full spectrum of U.S. textiles from fiber through finished sewn products, issued a statement on the U.S. Trade Representative’s statutory four-year review of the China 301 tariffs. Statement from NCTO President and CEO Kim Glas: “We have long […]