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Chinese government announced today that China had filled the countries wool quota for the year with a little over four months to go till years end. Such a move will have a detrimental effect on the global wool industry due to increase tariffs on its raw wool imports.

If you remember the USA quota on imported cotton trousers (denims, pants, jeans) from China could be facing the same problem as early as October due to increase importing early on in the year. We covered that topic more in-depth here which spawned an in-depth discussion in the comment area.

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