The apparel cap is set at 1.25 percent of United States imports
What the document says“``(C) Quantitative limitations.--The preferential treatment described in subparagraph (A) shall be extended, during each period after the initial applicable 1-year period, to not more than 1.25 percent of the aggregate square”
Section 5020 amends section 213A(b)(1)(C) of the Caribbean Basin Economic Recovery Act to read as quoted. The new text limits the preferential treatment, in each period after the initial one-year period, to no more than 1.25 percent of the aggregate square meter equivalents of all apparel articles imported into the United States in the most recent 12-month period for which data are available.
What the document actually says“``(C) Quantitative limitations.--The preferential treatment described in subparagraph (A) shall be extended, during each period after the initial applicable 1-year period, to not more than 1.25 percent of the aggregate square”
After the first year, the deal covers no more than a small share of the clothes brought into this country. The share is 1.25 out of every 100.
A cap keeps a trade deal from growing without limit. This cap is set as a share of all clothes brought in. It moves as that total moves.
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