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China’s Textile Exports Would Take Hard Hit From New US Tariffs

China’s export sector, including textiles, will suffer a significant deterioration in competitiveness to the U.S. market compared to other manufacturing exporters like Vietnam, South Korea, Thailand, Bangladesh, Mexico and Brazil if the latest $200 million of import tariffs proceed as planned, according to Rajiv Biswas, Asia Pacific chief economist at IHS Markit. However, the “significant…

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