US Textile Industry Transformed, More Competitive and Profitable Than Ever
The U.S. textile industry has changed a lot in the past 20 years, moving from small family-owned businesses in the Northeast to larger, more advanced companies in the Southeast. This shift was driven by competition from cheaper foreign producers and pressure from within the industry to modernize. The industry responded by making political and economic changes, leading to a stronger and more competitive textile sector. Based on its performance in global trade and efficiency, further protection for the industry doesn't seem necessary. The United States should consider separating textiles from apparel in trade agreements to adapt to the changing market.