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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March 15 of each year is the application deadline for the Pima Cotton Trust, and March 1 of each year is the application deadline for the Wool Trust. The law mandates trust payments by April 15. More information about these programs is available at www.fas.usda.gov/programs.
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