Fons is smart, Kroeber is smart, Myrick is smart. I was covering chemicals markets for about two years before I moved to Shanghai. Most of the big synthetic-fiber producers moved operations here before the end of the textile quota regime. I believe most of the natural-fiber producers did too, I have no immediate data or anecdotes to support that - but it would have been rational. The EU and US had 10 years to adjust for the end of quotas. They didn’t do it. Governments can’t be trusted to do anything right.

Arthur Kroeber of the China Economic Quarterly accuses in the Financial Times world leaders of lack of leadership.
"The recent surge in China’s textile exports to Europe and America, which threatens to spark a trade war, was an entirely predictable problem whose political impact could easily have been prevented by more intelligent economic leadership last year.