U.S. cotton producers are applauding an executive order ending duty-free treatment for low-value imported goods, which had allowed shipments under $800 to enter the U.S. tariff-free with minimal inspection.
Jeff Kuckuck with the National Cotton Council spoke with RFD-TV’s Suzanne Alexander about the decision’s background, the impact on the cotton and textile sectors, and farm income moving forward.
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Treasury Secretary Scott Bessent stated this week that the government will intervene to help, following China’s withdrawal from the U.S. soybean market. One trader says the industry will remain in a holding pattern until Tuesday.
Approximately 42,000 birds were affected in the outbreak, officials said.