Blog: Leonie BarrieThe state of the union

Leonie Barrie | 2 February 2006

President Bush’s State of the Union address will have come as a welcome boost to retailers and importers, particularly his caution that a retreat to trade protectionism would relegate the US to a 'second-rate' economy. But just as his sentiments will have pleased some parts of the US textile and clothing industry, there will be those – particularly the textile lobbyists who campaigned so hard for safeguards last year and rejoiced when the US-China bilateral deal was agreed in November – who will be equally disappointed by his free trade leanings.

“In a complex and challenging time, the road of isolationism and protectionism may seem broad and inviting – yet it ends in danger and decline,” the President said. He also warned against complacency as new economic superpowers such as China and India rise to prominence.

He added: “Keeping America competitive requires us to open more markets for all that Americans make and grow. One out of every five factory jobs in America is related to global trade, and we want people everywhere to buy American.  With open markets and a level playing field, no one can out-produce or out-compete the American worker.”

To see the full copy of the State of the Union speech, follow the link below:

State of the Union 2006


Asia facing up to increased competition

Increasing competition for garment sourcing contracts is seeing China not only being challenged by other countries in Asia, but by sub-Saharan African and even Russian suppliers too. And it is pushing...


Cambodia raises garment worker wages

The monthly minimum wage for workers in Cambodia's textile, garment and footwear sector is set to rise to $153 from January next year, following a vote on the issue last week. The increase marks a ris...


Sportswear initiatives start to take shape

The results of two highly-anticipated initiatives in the sportswear sphere were revealed last week: the launch of Under Armour’s new UAS lifestyle brand and the first pair of running shoes created at ...


Hanjin Shipping collapse triggers fear of West Coast port repeat

The recent bankruptcy of South Korea's Hanjin Shipping, the world's seventh-largest container shipper, at the end of August, has left billions of dollars worth of merchandise in limbo, leaving the fal...

just-style homepage

Forgot your password?