The founder of Red Cotton Mark Yeager talks with Fox Business’ Lydia Hu to talk about business vision “to invest in American -made textiles.
Business in America can soon witness the protection of local manufacturing, and even a batch below the bottom, in response to President Donald Trump’s decisions.
“I think it can help, and what should we lose?” The founder of Red Land Cotton Mark Yiger Fox Business Lydia told Tuesday. “I think the cotton industry is supported by government subsidies, and this is all that keeps cotton work in America.”
“If we have our textile industry, we may be able to use it and create a value … I mean, how can we ship it all over the world here? And you think we can be able to compete,” continued.
On Wednesday, President Trump is scheduled to celebrate “Liberation Day” in the country, When mutual definitions enter the higher trade partners.
Wall Street companies see the risk of recession increasing on customs duties and commercial war
“The day of liberation,” Trump said from the White House.
Companies that use the “Made In America” model express some optimism about President Donald Trump’s tariff. (Getty Images)
There will be a 25 % tariff on steel and aluminum imports. 25 % tariffs on all imported cars in the United States; 25 % tariffs on the goods from Canada and Mexico; And 20 % is a comprehensive tariff for China.
While economists and some political critics Skeptical And its impact on consumer prices, Yigger – who over the past decade simplifies his supply chain – feels that the definitions provide more investments in American manufacturing.
Lauren Simonetti reports on Fox Business on how to benefit from the American business owner from the tariff plan for President Donald Trump.
“I was planting cotton throughout my life, and I was trying to find a way to add value to what I was planting. I have a love that I made in America as well, so I was this way throughout my life,” Yigger said.
“So it seemed natural that this is the next thing that I can do with my cotton.”
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European Union Ambassador, Jovita Nilopchin warns the trade war with the United States. It will harm consumers, workers and small businesses before affecting companies or government
According to the US Department of Agriculture, a number of ground cotton bales decreased at the national level from 11.2 million in 1941 to 1.7 million in 2024. American jobs in the textile industry decreased by more than 80 % since 1990.
Trump’s eleventh week has followed a superpower of orders and executive procedures since January 20. Trump has signed at least 108 executive orders Only, which exceeds the number of executive orders signed by his predecessors in the first years of each of them in his position since the Carter Administration.
Fox News Emma Colon contributed to this report.
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