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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (15323)	11/10/2004 12:21:59 AM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

U.S. Cuts Tariffs on Imports Of China's Bedroom Furniture By DAN MORSE Staff Reporter of THE WALL STREET JOURNAL November 10, 2004; Page D13 The federal government trimmed proposed tariffs on bedroom furniture imported from China, presenting good news for price-conscious shoppers but dealing another blow to U.S. furniture makers, which have closed dozens of factories in North Carolina and Virginia in the past four years. The reduction of six of the nine tariff rates initially set by the government in June means that big furniture stores will continue ordering heavily from Chinese factories, while U.S. furniture makers will face pressure to move more of their production outside the U.S. online.wsj.com