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

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 is going to be passed on to the US consumer,” Saivetz said in an interview. “[The new tariff is]...