NEW YORK — The sourcing community is bracing for the possibility of restrictive trade measures as Democrats take over the White House and boost their majority in Congress.
Speakers at the 20th annual Textile and Apparel Importers Trade and Transportation Conference, held Nov. 5 and 6 at the Chelsea Piers Event Center here, approached almost sky-is-falling levels of alarm when presenting the potential challenges facing the import business. Even concerns over the global economic downturn were overshadowed by fears that President-elect Barack Obama and Democrats in Congress would tap rising populist sentiment to justify protectionist trade policies.
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