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The renewed tensions between the US and China, fueled by claims of election interference, could disrupt the fragile trade détente that has benefited the textile industry. Higher tariffs or stricter trade barriers may follow, directly impacting the supply chain and export costs for textile manufacturers. The potential for reduced market access to the US would particularly affect Chinese textile exporters, while American importers might face higher prices and supply uncertainty. This geopolitical risk underscores the need for textile firms to diversify sourcing and markets.
※ Opinion by KEFINE Insight