Obama's Textile Policy: From Free to Fair Trade

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5 November 2008 - The election of Barak Obama and a wider majority for Democrats in the US Congress could result in less "free textile trade" and more "fair textile trade" in the coming years, with the United States showing some tougher attitude towards China. With textile quotas expiring at the end of the year, apparel imports from China could be subject to new restrictions under the product-specific safeguard, as already announced by Barak Obama. On the other hand, the new president could find it difficult combating what he calls "China's currency manipulation".

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