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%.
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So the lesson here is to raise the tariff on on finished textiles.
Hell yeah!
Tax me every on every shirt I buy so I can subsidize an uncompetitive industry.