Textile quotas expire

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Worldwide textile quotas expire today as part of country's WTO obligations. Most of the coverage is about how bad this is for the domestic textile industry (which just lost a bid to get "temporary safeguards" to extend them) and just mentions in passing that it's good for US consumers and textile manufacturers in poor countries. Before you cry for the US textile workers, remember that the US still imposes an average 16% duty on imported textiles.

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