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Transcripts For RT Boom Bust 20240712

Kristie. Well this was actually a really smart move by the u. S. Because a sweeping ban would have made more of an impact a statement but then you also risk getting challenged legally where things are sure to get shaken loose and released a part of that is because then the u. S. Will be disrupting the whole cotton ecosystem and supply chain and china would surely retaliate with a ban on american cotton which would just escalate things to a whole new level mike montes front but even so many Industry Experts see todays move as deepening the trade tensions already because this is a market move from tariffs on finished products to now also including Raw Materials and commodities so now the u. S. Is moving upstream and thats causing ripple effects across the entire supply chain because sheen downs cotton is a crucial piece of the supply chain as a makes up 80 percent of chinas output and 20 percent of the worlds supply so analysts estimate that 24 percent American Textile and apparel import

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