Richloom Fabrics Executive Outlined Ways 25 Percent Tariff Hurts US Textiles and Counterproductive to Trump Goals

September 1, 2018

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Richloom Fabrics Group COO Michael Saivetz.
Richloom Fabrics Group COO Michael Saivetz.

By RAY PARKER Richloom Fabrics Group COO Michael Saivetz raised concerns last week in Washington about the looming 25 percent tariff on Chinese exports, especially since it hits textiles sold as inputs but not those sold as finished goods. “The increase…

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