"Other countries that are more competitive will still take over from China, and the US can ’ t impose safeguards on those countries," Peter Liu, chairman of the textiles and apparel committee at the American Chamber of Commerce, told the Financial Times in Hong Kong. "Obviously, the US textile industry has concerns about job elimination, but on the other hand there are a lot of US industries that like to do business with China by exporting to China. If this escalates into a trade war, that ’ s to nobody ’ s benefit," he said.
"Other countries that are more competitive will still take over from China, and the US can ' t impose safeguards on those countries," Peter Liu, chairman of the textiles and apparel committee at the American Chamber of Commerce, told the Financial Times in Hong Kong. "Obviously, the US textile industry has concerns about job elimination, but on the other hand there are a lot of US industries that like to do business with China by exporting to China. If this escalates into a trade war, that ' s to nobody ' s benefit," he said.
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