China's strategy forces US to shut down 28..., Washington accuses Beijing of...
New Delhi: The United States has issued a stern warning regarding China's trade practices. This warning concerns China's policies in the textile and apparel sector. The U.S. claims that China is adopting non-market policies, which are detrimental to the United States. The United States Trade Representative (USTR) has stated that pressure on American products is increasing. In the past 22 months, 28 manufacturing plants have closed in the U.S. In 2024, the U.S. imported $79.3 billion worth of clothing, of which 21% came from China. The U.S. wants China to comply with trade rules.
The USTR has shared a post on the social media platform X. It states, 'On the occasion of National Textile Day, USTR condemns unfair trade practices that undermine the U.S. textile and apparel sector.'
In a post, the USTR stated that China's non-market policies give its domestic manufacturers an unfair competitive advantage. As a result, they are able to charge artificially low prices for their products. The USTR has alleged that these policies of China have had a negative impact on American textile and apparel manufacturers. In the last 22 months, 28 American plants have shut down.
In another post, the USTR wrote that the U.S. imported $79.3 billion worth of clothing in 2024, of which 21% came from China. Chinese e-commerce companies accounted for over 30% of all daily de minimis shipments in the U.S. The post states, 'They are flooding our market with cheap clothing while circumventing tariffs and trade enforcement mechanisms. Cheap clothing has devastated local industries.' How much did China export?
According to USTR, in the year 2024, the total merchandise trade between the United States and China was about 582.4 billion dollars. In 2024, the export of American goods to China was 143.5 billion dollars. This is 2.9% (4.2 billion dollars) less than in 2023. In 2024, the import of American goods from China was 438.9 billion dollars. This is 2.8% (12.1 billion dollars) more than in 2023. In 2024, the trade deficit with China for the United States was 295.4 billion dollars. This is 5.8% (16.3 billion dollars) more than in 2023. This means that the United States is buying more goods from China and selling less. This is causing losses for the United States in trade.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
28 minutes ago
- Time of India
If It Happened There: Donald Trump sends central troops to quell protests in opposition-ruled California
Protesters confront police on the 101 Freeway near the Metropolitan Detention Center of downtown Los Angeles, Sunday, June 8, 2025, following last night's immigration raid protest. (AP Photo/Jae C. Hong) Note: The following piece is inspired by Joshua Keating's If It Happened There which uses tropes and tones normally used by American media to describe events in other countries. The facts presented deal with as much exactitude and accuracy as an American media outlets' reporting about a foreign country. Los Angeles, Mexican for the city of angels, is home to Hollywood – America's answer to Bollywood – and a city where starstruck aspirants come with the dream of being immortalised on the silver screen. Yet, the city, which falls under America-administered California, an opposition state which overwhelmingly voted for Mr Donald Trump 's rival from the Democratic Party, Ms Kamala Harris, soon came to resemble a warzone. Mr Trump – known for strongman-like tendencies like Mr Putin and Mr Jinping – sent in over 2,000 National Guard troops, dressed like Stormtroopers, to quell a popular uprising sparked by workplace raids on labourers who Mr Trump's officials claim are 'illegals' working in America without papers. It was, as one expert put it, a prime example of authoritarian overreach that has become a feature of American autocracy since Mr Trump's white nationalist Republican Party came to power in the last election. The flashpoint began in LA's Fashion District, where federal immigration agents—known locally as ICE—raided a garment factory, with similar operations in numerous surrounding areas. The raid at a Home Depot – a retail franchise with numerous outlets across the country – saw violent clashes between protesters, including unionists and local residents. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo Among the arrested was Mr David Huerta, a unionist, who eyewitnesses say was zip-tied and dragged away near the Metropolitan Detention Centre – which has overnight come to resemble a heavily guarded fortress. The situation grew increasingly volatile, coming to resemble a modern-day version of A Song of Ice and Fire – a popular series of books – which inspired the incest-drama Game of Thrones. Driverless Waymo cars – a company owned by Google, often accused of monopolising the internet to further America's imperial power – were set ablaze in a powerful demonstration of the working-class revolution against Silicon Valley's technocratic regime. While California's duly elected leaders – progressive Democrat Governor Mr Gavin Newsom and Los Angeles Mayor Ms Karen Bass – objected, 2,000 National Guard troops hit hotspots near downtown Los Angeles. Local protest organisers – many embedded with immigrant rights groups – were illegally dragged away. Teenagers and older women with placards were violently attacked as federal officials justified the harsh measures, claiming they were 'suspected participants.' A Distraction? Some commentators even wondered if Mr Trump's heavy-handed action might be a ruse to distract from his recent feud with Mr Elon Musk, a technocrat and the world's richest man who funded Mr Trump's return to the White House with both his personal wealth and by buying the social media platform named X – formerly known as Twitter – to help spread canards that could return Mr Trump to the White House. Mr Trump, also a former avid user of Twitter who was banned from the platform earlier and opened his own rival Truth Social, had a spat with Mr Musk over a finance bill that the American President likes to call the 'Big Beautiful Bill,' and which Mr Musk called fiscal suicide. The fallout included a physical altercation with Mr Trump's tariff honcho, Mr Scott Bessent, whose attempt at a parliamentary rebuttal ostensibly left Mr Musk with a black eye. Mr Musk – known for using powerful drugs like ketamine – retaliated by calling Mr Trump some unprintable names and even claiming that the American President's name was present in the Epstein Files. The Epstein Files, incidentally, refer to a litany of famous celebrities – from both sides of the political aisle, including Republicans and Democrats – who visited Mr Epstein's island where they allegedly participated in peccadilloes involving underage individuals without their consent. Protesters take cover behind chairs near the Metropolitan Detention Center in downtown Los Angeles, Sunday, June 8, 2025, following last night's immigration raid protest. (AP Photo/Eric Thayer) Mr Musk – who until recently ran a government department that looked at cutting fiscal waste – is the first member of Mr Trump's new team to have a public falling out. Unlike the last administration, where many members including the then Vice President Mr Mike Pence stood up to Mr Trump, the new cabinet is full of individuals whose first claim to fame is complete fealty to Mr Trump. This includes Ms Kristi Noem, the head of Homeland Security, Ms Linda McMahon, the Secretary of Education, former Fox News host Mr Pete Hegseth who is now the Secretary of Defence, and the current Vice President, Mr JD Vance, who once called Mr Trump 'cultural heroin' and compared him to Adolf Hitler. In his second term, Mr Trump has eschewed any pretence of adhering to the US Constitution, whether its quelling dissent in institutes of higher education, illegally deporting American citizens, or accepting expensive gifts from foreign nations. Mr Trump's actions might not just affect residents of America-administered California or even just Americans, given the country's overstated power over the rest of the world. The new regime under Mr Trump has taken sweeping decisions to target its own population, deport legal citizens, silence dissent, and punish anyone perceived to be disloyal, while the courts – once heralded as the guardians of the Constitution – mutely watch on. Questions must be raised as to whether a country like the United States of America is a fit choice for global events, like the next football World Cup – set to be held in 2026 – when it can't even adhere to the basic norms that citizens of democracies take for granted.
NDTV
37 minutes ago
- NDTV
Electric Passenger Vehicle Retail Sales Contribute 4.1 Per Cent Market Share In May25
India's electric passenger vehicle market continued its upward trajectory in May 2025, demonstrating notable year-on-year growth in retail sales. According to the latest data from the Federation of Automobile Dealers Associations (FADA), electric cars now comprise 4.1 percent of the total passenger vehicle market, an increase from 2.6 percent in May 2024. Below is a detailed overview of how different car manufacturers performed last month. Electric Passenger Vehicle Retail: May 2025 Overview Tata Motors remained the leading company in the EV segment, selling 4,351 units in May 2025. Although this is a slight decrease from 4,436 units sold in April 2025, Tata still maintained its position as the market leader, despite an 18.08 percent drop compared to the same month last year. JSW MG Motor India secured the second spot by selling 3,765 units. The company showed strong performance, recording an 8.75 percent increase over April and a remarkable 149.83 percent rise compared to May 2024. Mahindra & Mahindra reported sales of 2,632 units, reflecting an impressive year-on-year growth of 343.10 percent. However, there was an 11.65 percent decrease compared to sales in April. Hyundai Motor India also saw substantial growth, with 606 electric vehicles (EVs) sold, indicating a remarkable year-on-year increase of 488.35 percent. However, this represents a decline of 10.49 percent from April's figures. Chinese manufacturer BYD India performed strongly, delivering 494 units-an increase of 42.77 percent from April and 179.10 percent year-on-year. BMW India continued to see consistent growth in its luxury EV sector, with sales reaching 174 units in May, marking a 38.10 percent rise month-on-month and a 135.14 percent increase year-on-year. PCA Automobiles India experienced one of the highest month-on-month improvements, selling 123 units in May, a significant jump from 48 units in April, which translates to a 156.25 percent increase. Their year-on-year growth is at 41.38 percent. Mercedes-Benz sold 88 EVs, showing a 10 percent increase over April and a 37.5 percent year-on-year rise. Volvo Auto India experienced a slight downturn, with sales falling to 33 units, down 5.71 percent month-on-month and 21.43 percent year-on-year. Kia India sold 26 EVs, reflecting a 16.13 percent decline from April; however, it still showed a positive year-on-year growth of 18.18 percent. Other electric manufacturers collectively accounted for 12 units sold in the month of May 2025, down from 48 units, demonstrating a significant decline of 75 percent compared to May 2024.
Time of India
37 minutes ago
- Time of India
No impact of rare earth magnet shortage on production so far, says Maruti Chairman
Maruti Suzuki India Chairman R C Bhargava on Monday said there is no impact on the company's production due to the shortage of rare earth magnets as of now. His comments come against the backdrop of restrictions imposed by the Chinese government since April 4 on the export of rare earth elements and related magnets. China has mandated special export licences for seven rare earth elements and related magnets. China controls over 90 per cent of global processing capacity for the magnets, used across sectors including automobiles, home appliances and clean energy. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Invest today with in Shriram's ULIP Shriram Life Insurance Undo "There is no impact at the moment," Bhargava told PTI when asked if the auto major is facing any production issues due to the global shortage. The production activity at the country's largest carmaker is going on as planned, he added. Live Events When asked if the company sees a production crunch over the next few months due to the issue, he noted: "If the licenses come through and they are supposed to come through, there would not be a problem." The domestic automobile industry has sought government support in expediting approvals from the Chinese government for importing rare earth magnets used in various applications, including passenger cars. As per the industry sources, various domestic suppliers have already sought approval from the Chinese government through their local vendors in China. However, no approvals have been granted so far. Many companies are facing the heat due to the shortage of critical raw materials used across multiple sectors including the automobile industry. The critical materials include samarium, gadolinium, terbium, dysprosium and lutetium, which are essential in electric motors, braking systems, smartphones and missile technology.
