US moves to curb 'trade loophole' over China worries as sharp tariff hikes finalized
The US government said Friday it will work to curb the "overuse and abuse" of a mechanism allowing lower-value imports to enter the country duty-free, as concerns grow over Chinese shipments. Under a new regulatory effort, US officials will be seeking to disqualify certain products from this trade exemption - a move that could impact Chinese textile and apparel imports. While roughly 14