Thursday, December 4, 2008

Garment Renaissance

According to this article, USA is dropping quotas on Chinese garments Jan1 2009, and if true, this is wonderful news. Seattle lost a thriving garment importing trades with dozens of companies paying high wages, and it ended ll one day when the US govt slapped quotas on chinese garments.

Not only were USA consumers denied the opportunity to use their money as they saw fit, with fewer and higher priced garments coming into usa after the quotas went in place, the work programs at Salvation Army and Goodwill took a hit, since the flow of garments to them took a hit. And if you recall the fashions of the last two decades, basic black and heroin chic, and everyone else looking as though they just woke up from a three day drunk. I gave a lecture at a leading law firm a month ago, and of the 18 lawyers present I was the only one in a suit.

I doubt there will be much change because the anti-free trade people will have the upper hand with dems in power, as they did when republicans were in power. Sigh. Here is an example.

Here a USA industry group attacks China for things it is not doing, but something USA does regularly.


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