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


BLOG

A confusing mix of sustainable cotton options

There's an undeniable desire on the part of brands around the world to clean up their supply chains, and there's no lack of interest in using more sustainable cotton. But the confusing mix of standard...

BLOG

Have your say – Take part in just-style’s State of Sourcing survey

The global apparel industry and its supply chain is going through a period of unprecedented change. How do you and your colleagues see the outlook for 2018? And what strategies are you likely to be tu...

BLOG

Under Armour's strategic deep dives

Amid signs of a slowdown in its North American business, US sportswear brand Under Armour has made a number of "strategic deep dives" into strategy, supply chain, product, marketing and sales as a pre...

BLOG

Esquel Group on a sustainability mission

Hong Kong-based textile and apparel giant Esquel Group has made it its mission to weave sustainability into its core values, and across a vertical supply chain that spans every step from cotton farmin...

just-style homepage



Forgot your password?