Similar. Exact copy. Typically used to compare two people as  having the same ideology. Often used as a derogatory outlook as in the negative of NOT being cut from the same cloth. If two dresses are made from different cloth, for example one is linen and the other is silk, they are very different. (Compare to Same old, same old or Like father, like son.)

“I do not trust that shop keeper and I believe her daughter is cut from the same cloth.”