US socks it to Chinese socks

The United States imposed restrictions on the importation of Chinese socks, citing "both disruption and a threat of disruption" in the U.S. market by growing Chinese imports. The decision, announced days ahead of the US presidential election, is being seen as the first in a possible series of restrictions designed to protect US manufacturers resulting from the termination of the of the global Agreement on Textiles and Clothing at the end of this year. The sock quota will restrict year-on-year growth in US imports of Chinese cotton and man-made fiber socks to 7.5% and growth in wool sock imports to 6%, the US Commerce Department said.