Sino US Trade Is Good! Us Announces 437 Tariff Increases To Exclude Commodities (Including Textiles)

     According to the American Apparel and Footwear Association, 40% of the garments sold in the United States come from mainland China, and 70% of footwear products are imported from the mainland.

　　 With the advent of autumn, customs import products including gloves, coats, sweaters and so on. Before, many apparel practitioners had already faced a price cut when faced with the sharp offensive of online retailers. If they had to absorb tariff costs, it would be worse for the less profitable practitioners. The exemption notice indicates that 100% of the polyester woven microfiber fabrics and polyester products in textiles are excluded from the list. This is good news for China and the United States. 。

According to the statistics of the China Textile Import and export chamber, the export volume of China's textile and apparel exports to the United States last year was about 10 billion 300 million US dollars, accounting for about 16% of China's exports to the US textile and clothing and raw materials, and about 1.7 000 of the export enterprises.

A total of three textile and clothing related products were issued in the 200 billion exclusion list released in September 17th. They are (1) 100% polyester fabrics, each inch less than 150/75 or 104/72 line, and the weight is 83 grams / square meter (described in the report number 5407.10.0010). (two) 65% polyester and 35% cotton fabric, weight less than 170 g / m2 per inch, not exceeding 45/45 or 110/76 (described in report no. 5513.11.0040); (three) polyester or viscose fabric coated with polyurethane. The width of the fabric is 137 cm (54 inches) and the weight is 187 g / m2 (described in report no. 5903.20.2500).

Up to now, there are five items of textile and clothing related products in the 200 billion exclusion list, of which two have been excluded from the 200 billion exclusion list released in August 7, 2019, and the product tax numbers are 5402.20.3010 and 5603.92.0090 respectively. I will issue a public article in August 7th, the first batch of exclusion lists issued by the United States for 200 billion additional tariff products.

According to the announcement issued by USTR in June 19, 2019, the product exclusion procedure for the $200 billion tax collection list was launched in June 30, 2019 and the deadline for application is September 30, 2019. Therefore, enterprises can still apply for product exclusions (200 billion products exclude network access: Http://exclusions.USTR.gov).

Summary of textile and clothing products exclusion list in $200 billion tax exclusion list

Negotiations between China and the United States are about to resume. Textile people are cautious.

For the upcoming Sino US negotiations, the textile mentality is more cautious. A trader in Wujiang said The trade between China and the United States influences the rhythm of the market order, and now the so-called restart is not a good wolf. But this year's devaluation is indeed positive.

Most of the billet traders and traders believe that they will have to see the outcome of the specific negotiations. 。 For companies that do not involve the US alone, the impact is not very large, and the most is confidence. For companies who make beauty lists, the impact is bigger, which will affect the order rhythm of customers. At present, many American customers are reducing their orders and orders, which is the biggest stumbling block in foreign trade this year.

However, the majority of the distribution owners said the publication of the exclusion list. It is definitely good news for our export oriented enterprises. In particular, the bosses who are struggling to secure Christmas orders may be the turning point for this year's peak textile season.

As we all know more and more about the "trade war", When it comes to a long-term trade dispute, it will not be as great as when it happened. 。

afterword

For the next negotiation, though the optimistic anticipation is more, even if the result is not satisfactory, the textile people must straighten their mind and tell themselves that there is nothing to be afraid of.

When Chinese talk about "crisis", the word "danger and opportunity" coexist. The "trade war" will be dangerous for China and the United States, because every negotiation is not clear which side of the negotiations the other party would like to negotiate. This uncertainty factor will trigger the risk of price fluctuation in the financial field and bulk goods field. However, each commodity has its own reasonable value. Once undervalued, the value will show stronger profitability.

Therefore, for trade wars, we need not blindly see risks. It is also necessary to seize opportunities and integrate organic industries in risk, such as the merger and reorganization of enterprises in polyester industry in recent years. At the same time, accelerate the upgrading of industrial technology, such as the emergence of robots in the industry scale production. Only in this way can we ensure that the core technology of the textile industry is created and mastered by ourselves. 。 No matter how the next negotiation goes, the textile people keep their original rhythm and do their products well. Source: Xinhua, China Textiles Import and export chamber, Tai Yao textile, cloth factory