4 ms·
The suit you cited happened in 1961. However, in the 1950s every domestic textile category had seen at least double digit declines (97% for wool!), while import
by dghlsakjg 2y ago
The suit you cited happened in 1961. However, in the 1950s every domestic textile category had seen at least double digit declines (97% for wool!), while imports had seen triple digit growth (cotton fabric imports tripled). The industry was already well on its way to failure, so I have a hard time believing there is a causal relationship.
As I stated before, the liability still exists even when you manufacture outside of the country. There are no net cost savings from a liability lawsuit standpoint to be had by moving production overseas.