US Senate Takes Action
The US Senate recently passed a significant bill that has garnered widespread acclaim from the textile industry. This legislation targets the de minimis loophole concerning imports valued under $800. If enacted, the bill aims to close this loophole by 2027, which has been a point of contention for many in the industry.
This bill is vital for ensuring fair competition in the textile market. It addresses issues related to imports that bypass necessary tariffs under the current loophole. Industry leaders believe that closing this loophole will enhance the overall integrity of the textile industry.
