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WASHINGTON—The Bush administration on Friday delayed a decision on a key trade provision being sought by struggling North Carolina sock makers.
Administration trade officials had set a deadline of Dec. 19 to decide whether to impose a 13.5 percent tariff on socks imported from Honduras. On Friday, they said they planned to make a decision by Jan. 18.
Since the passage of the Central American Free Trade Agreement in 2005, small sock makers in the state say an increase in Honduran imports has hurt the industry.
Administration trade officials had set a deadline of Dec. 19 to decide whether to impose a 13.5 percent tariff on socks imported from Honduras. On Friday, they said they planned to make a decision by Jan. 18.
Since the passage of the Central American Free Trade Agreement in 2005, small sock makers in the state say an increase in Honduran imports has hurt the industry.