Last year, China bought from the US cotton worth $1.6 billion becoming the biggest buyer.
A considerable portion of US cotton was re-exported to the US after being made into textiles. If the negotiation lasts long without result, exports of US cotton, fabrics and textile machinery equipments to China are vulnerable to be affected. In addition, the interests of ordinary American consumers and US textile importers and retailers will be damaged.
According to sources, the fifth round of Sino-US textile consultation will be held soon and will hopefully obtain positive result. Insiders from both sides agree that the problem can be solved only through dialogues and negotiations to seek a win-win situation, while revenge and punishment often result in a 'lose-lose' situation.
Fibre2fashion, News Desk - China
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