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China Promises Tax on Textile Exports A decades-old quota system that tightly regulates trade in textiles and apparel expires Jan. 1, sparking fears that China will take over the global market. Hoping to ease tensions, China says it will slap a tax on its own exports of textiles and apparel, beginning next year. NPR's Kathleen Schalch reports.

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China Promises Tax on Textile Exports

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China Promises Tax on Textile Exports

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A decades-old quota system that tightly regulates trade in textiles and apparel expires Jan. 1, sparking fears that China will take over the global market. Hoping to ease tensions, China says it will slap a tax on its own exports of textiles and apparel, beginning next year. NPR's Kathleen Schalch reports.