News Tags

Related Keywords: 102 products, 25% tariffs will fall on 1, home textiles, National Council of Textile Organizations, textile and apparel end products, textile products, textiles machinery, textiles-related organizations

NCTO president and CEO Auggie Tantillo quoted that, “NCTO is pleased that some textile products are on the second list. It would have a greater deterring effect, however, if more textile and apparel end products were included. As such, NCTO looks forward to working closely with the Trump administration to refine it.”

He represented a group of textiles-related organizations last month certfying in favor of adding textiles to the original tariffs lineup. The new list of products being eyed for tariffs must also pass through a public comment period.

Related Keywords: automation, business finally turning around, eleven percent increase since 2009, gained competitiveness, industry hit bottom during economic slowdown, losing market share to imports, National Council of Textile Organizations, productivity improvement, shipments of textiles and apparel increasing, technology advances, US textile and fiber makers

U.S. textile and fiber makers see their business finally turning around with shipments of textiles and apparel increasing to $74.4 billion last year, an 11% increase since 2009, when the industry hit bottom during the economic slowdown and also losing market share to imports, according to National Council of Textile Organizations (NCTO).

Related Keywords: begin the week of July, Cecilia Malmstrom, EU favors more liberal rule of origin, executive body of the EU, fabric-forward rule, National Council of Textile Organizations, next round of negotiation, trade commissioner of the European Commission, trade relationship, Transatlantic Trade and Investment Partnership trade deal with US, TTIP

Cecilia Malmstrom, trade commissioner of the European Commission, the executive body of the EU, in a speech at the Atlantic Council here said that the next round of negotiations of Transatlantic Trade and Investment Partnership trade deal (TTIP) with the U.S. will begin the week of July 11 in Brussels despite the turmoil surrounding the U.K.’s vote to leave the European Union.

Related Keywords: exhaustive analysis, multi-year tariff phase-outs, National Council of Textile Organizations, part of finalized terms of agreement, principal objectives were met, sensitive textile and apparel products, stability of Western Hemisphere, strong yarn forward rule of origin, textile and apparel production chain, vote in support of TPP

The National Council of Textile Organizations decision to give its vote in support of TPP came after an exhaustive analysis determined that NCTO’s principal objectives were met as part of the finalized terms of the agreement.

These objectives include a strong yarn forward rule of origin for the vast majority of textile and apparel products, reasonable, multi-year tariff phase-outs for sensitive textile and apparel products and lastly terms that provided for the stability of the Western Hemisphere textile and apparel production chain.

Related Keywords: announced competition, investing in new technology, leading edge of fiber science, National Council of Textile Organizations, nonprofit organizations., open to leading manufacturers, President Barack Obama, Revolutionary Fibers and Textile Manufacturing Innovation Institute, strengthen US manufacturing, universities

President Barack Obama announced a competition called the “Revolutionary Fibers and Textiles Manufacturing Innovation Institute” for a $150 million public-private investment in a new textile manufacturing innovation institute on Wednesday to strengthen U.S. manufacturing by investing in new technology.