Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers


A Looming Battle Over Textile Trade?

Facing surging imports of textiles and apparel from China in the first quarter -- up overall 62.5% and in some categories more than 1500% -- the U.S. Commerce Dept. said on Apr. 4 it is launching investigations that could lead to new tariffs on cotton knit shirts and blouses, trousers, and underwear. The move comes after quotas on mainland textiles and apparel were lifted on Jan. 1 when the Multi-Fiber Agreement ended. On Apr. 6 the European Union also set guidelines for considering restrictions on Chinese textile imports. The 2001 agreement that brought China into the World Trade Organization says WTO members are allowed "safeguard" measures, including tariffs, if growth in Chinese textile and apparel imports disrupts local markets. Beijing criticized the U.S. and EU announcements.

EDITED BY Edited by Rose Brady

blog comments powered by Disqus