US Textile Manufacturers Call For The Abolition Of Yarn Import Tax In May 26Th.
American Spin Manufacturers are putting pressure on US policymakers to cancel import taxes on cotton and acrylic yarn. Although the United States does not produce them, it is very important for them to abolish the yarn tax in competition with foreign counterparts.
Policymakers did not extend the import tax which expired last year. U.S.A Spin The Organizing Committee (NCTO) and 74 companies wrote to the fundraising committee and the trade Subcommittee, which required policy makers to approve the miscellaneous trade and technical amendment act, which would help to abolish the tax on acrylic yarn and cotton yarn.
U.S.A Spin The two points mentioned above are the industry's greatest concerns, as the cost of acrylic yarn increased by 50% and the import tax increased by 5% would pose a threat to us production enterprises, the NCTO said. market 。 Similarly, the situation of human cotton yarn is the same, a 5-10 cent import tax per pound.
According to experts, after the abolition of China's import ban in 2009, market Made in China product Suddenly, the pressure of American industry is huge. They find it difficult to pay the full tariff of acrylic yarn and cotton yarn.
Experts believe that if the US companies are forced to pay the import tax on acrylic yarn and cotton yarn, most enterprises will have to withdraw. market Because of the use of these yarns product Losing competitiveness.
Therefore, policymakers need to extend the expiration policy and cancel the import duties of these yarns to help improve the development of American industry and participate in the world at the same time. market Competition.
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