Posted on 08/10/2018 5:12:20 AM PDT by reaganaut1
America lost more than three-fourths of its textile-mill jobs between 1991 and 2016. “One of my main objectives was to bring those opportunities back,” says Gary Heiman, president and CEO of Cincinnati-based Standard Textile. Mr. Heiman has succeeded, creating around 400 jobs in two Southern towns, but now the Trump tariffs are threatening to drive those jobs back overseas. That’s the opposite of what Mr. Trump claims is happening due to his tariffs.
Standard Textile specializes in making sheets, towels and other reusable fabric products for hospitals and hotels. Since 2002 the company has invested some $66 million in American manufacturing facilities and equipment in Union, S.C., and Thomaston, Ga.
Workers don’t need a college degree, and Standard Textile provides on-the-job training for anyone who shows the right attitude and aptitude to work. Employees earn an average of $44,000 a year in salary and benefits—well above the median household income of $35,000 in Union and $27,500 in Thomaston.
A raw fabric known as greige is Standard Textile’s main input, and the company buys about $30 million worth from China each year. Workers at the Union facility scour, bleach, dye and finish the cotton material, sending rolls of the fabric to Thomaston for cutting, sewing and packaging. But in July the Trump Administration proposed raising tariffs by 10% on $200 billion of Chinese goods—greige included. On Aug. 1 President Trump directed the U.S. Trade Representative to lift the tariff to 25%.
That increase would put Standard Textile at a major disadvantage against foreign competition. The company paid $2.9 million in duties for greige last year, and this would add up to $7.5 million more to its manufacturing costs. Finished textiles made by Chinese workers would continue to face the old tariff of 6.7%.
(Excerpt) Read more at wsj.com ...
Tariffs also lower costs. Our raw materials that China has slapped tariffs on are getting cheaper for our domestic manufacturers. A one-sided view like the WSJ is fallacious.
This is why we need across the board tariffs, and not just on Chinese goods.
Then stop buying your raw materials from China and proudly put 100% MADE IN THE USA in big letters on the package. People will pay a few bucks more over Chinese crap.
If so please explain the economic growth of China, a nation who imposes tariffs on America while we wave their products in free of charge?
How about making the fabric in the US. Oh right, we can’t compete with slave labor.
The textile and shoe industry were pretty much gone, in the US, by early to mid 80’s.
No, it is not
There is no justification for across the board tariffs
Across the board tariffs are isolationest wet
dreams
So you are advocating we do nothing.
This issue is why Donald Trump is the President.
America is buying WAY too much imported stuff from China.
Currently at an all-time record high, trade deficit, America is running with China.
Highest ever. Between any two countries. In all human history.
And it is getting even worse, this year.
Every. Single. Month.
There are plenty of “buy ever more crap from China” posters on this thread.
Buy things, made in America, for a change.
So why aren't our trading partners taking Trump up on his offer to eliminate all tariffs?
How?
That's why the price of steel and aluminum is so much lower today than it was before the tariffs were imposed on them. /sarcasm off/
Tariffs sure don't lower costs when you are importing your raw materials.
It takes a special kind of jackass to sit there in Vietnam and lecture Americans about how much they import from China.
How many American-made products do YOU buy over there in Vietnam?
For many items,there are none made in America
it is not worth the effort to hunt and hunt and then pay more for the product
‘Finished textiles made by Chinese workers would continue to face the old tariff of 6.7%.’
Not for long. Chinese will be hit with 25% in response to action taken against U.S. This tariff war will not last long. Count on it.
‘Finished textiles made by Chinese workers would continue to face the old tariff of 6.7%.’
Not for long. Chinese will be hit with 25% in response to action taken against U.S. This tariff war will not last long. Count on it.
That increase would put Standard Textile at a major disadvantage against foreign competition. The company paid $2.9 million in duties for greige last year, and this would add up to $7.5 million more to its manufacturing costs. Finished textiles made by Chinese workers would continue to face the old tariff of 6.7%.
...
So the lesson here is to raise the tariff on on finished textiles.
Vietnam -- where you live -- had a $150 billion trade deficit with China. That number is staggering when you consider the country's entire GDP is only $700 billion or so.
How many American-made -- or even Vietnamese-made -- products are you buying over there in Vietnam?
They want our country and we want cheap turtle sand-boxes. Deal! /do I have to but the bloody f-in sarcasm label here - probably because those stupid enough to fall for the "deal" are too stupid to understand how stupid they are.
Hello.
I am American, dude.
While I am here though, I basically buy things made right here.
Just saying.
Buy American. :)
I have been advocating for American businesses, long before coming to Vietnam.
So are you invested heavily in China?
Seems like it, to this poster.
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