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UFLPA's impact on US textile imports: A shift in global trade dynamics

Insights

• US and EU are top importers of textiles, but US is reducing reliance on China due to the UFLPA.
• This has significantly decreased Chinese imports, but imports from CAFTA-DR countries have not risen as expected.
• Despite high tariffs, Chinese imports still dominate due to De Minimis law.
• Amendments to this law and UFLPA's stricter regulations are anticipated.