U.S. Trade Representative Robert Lighthizer has outlined a range of recommendations for reform of the World Trade Organization. One proposal, which appears to run contrary to Trump administration policy, calls for a global standardization of baseline tariffs under the Most Favored Nation rule. That could lead to significant reductions in U.S. tariffs applied to tobacco products and apparel. Assuming tobacco rates aren’t cut for political and health reasons then a reduction in apparel, and specifically baby clothes made from synthetic materials, could fall the most. U.S. tariffs on baby c...
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