Honduran sock tariffs approved
“It was a commitment from this administration that if the numbers warranted it then safeguards would be imposed. Commitments have to be kept. Today's decision is the right one without a doubt.”
The Bush Administration announced Friday it will go ahead with a tariff on sock imports from Honduras. via Times-Journal
Join the discussion below, or Read more at Times-Journal.
#1 Mar 18, 2008
I am so glad that our present administration could come to the rescue of our hosiery industry. Gildan really needed this protection after buying domestic companies and closing them down. They must be losing more than what the employees of the closed plants are losing or our government would be implementing sheltered legislation to help out with the loss of a way of life. Oh yea, a way of life that was contributing to the tax base.
#2 Mar 25, 2008
I can only say that if my line of work could so easily be threatened by cheap imports, I would be getting back to school to learn a trade I can pay the bills with when the coin finally does flip the wrong way. Look down at Jacksonville to see what happens when a hundred year old mill closes down finally. It's time to invest in more than hosiery for Fort Payne. Time for something that has domestic growth potential.
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