US Government "Black Friday" Carries Out Tariffs On US $200 Billion In Chinese Products? How Much Damage Has Been Made To Textiles And Clothing?

In September 6th, the US government ended its public comment on the value of $200 billion on Chinese goods. According to the US media CNN and New York Times, the Trump administration's proposal to impose a tariff of $200 billion on products will come into force when the public consultation period is over.

Up to 0 local time on September 7th,

The official website did not issue any change in tariff measures.

CNN reported in the report that the Levy of 10% or 25% is not yet conclusive.

According to two media reports, the United States imported 40% of its goods from China last year.

China's Ministry of Commerce spokesman said 6 days ago that the US side has seriously violated the WTO rules for a period of time, and has introduced unilateral measures to continuously escalate Sino US trade friction, which has damaged the interests of Chinese and American enterprises and consumers, and has also damaged the global industrial chain and value chain security.

If the United States ignores the opposition of the overwhelming majority of enterprises in the majority of opinions and adopts any new tariff measures to China, the Chinese side will have to make the necessary counter measures.

According to the Trump government's proposed tariff list of about $200 billion for Chinese products in July 10th, the commodity category includes seafood, fruits and vegetables, yarn, wool, raincoat jacket and so on.

According to the statistics of the China Textile Import and export chamber, the US tax proposal list covers 6031 tax numbers, of which more than 1000 textile and clothing products tax covers most textiles.

Semi finished products and a small number of clothing accessories, mainly including textile materials (cotton, silk, wool, hemp, etc.); yarn and fabric (

(silk, hemp, chemical fiber, glass fiber, etc.); carpets; industrial textiles; leather and fur garments, caps and gloves, plastic raincoats and so on.

China's exports to the United States, such as woven garments, knitted garments and household textile products, are not included in the list.

China's textile and clothing exports to the United States account for about 10 billion 300 million US dollars, accounting for China's textile to the United States.

And 22.6% of raw material exports, involving about 2 export enterprises.

Products involved (including textiles and clothing Statistics):

According to the preliminary arrangement of China Textile Industry Federation, there are about 900 tax numbers in the list, and 927 textile products cover almost all products involved in the HS50-60 chapter.

All yarns, fabrics / fabrics including various raw materials (cotton, wool, silk, hemp and chemical fiber), as well as industrial textiles and some textile machinery products, involve us $4 billion in annual exports to the United States.

This list excludes clothing products and most household textiles.

The HS50-60 chapter on tax increases for US exports in 2017 is as follows:

On August 23~27, the US government held a hearing on the duty of $200 billion on Chinese goods.

Representatives from more than 350 industry associations and enterprises from decoration, clothing, food processing, semiconductor, medicine and so on, voiced their voices at the meeting, and more than 90% of them objected to the Levy of tariffs.

In addition, the three most influential textile and garment industry organizations in the United States participated in the hearing.

Among them, the United States clothing footwear association (AAFA) and the American fashion industry association (USFIA) hold an opposing position; the national textile organization Federation (NCTO), as an interest representative of some textile production enterprises and related enterprises in the United States, insists on increasing tariffs on Chinese clothing, household textiles and other end textile products, as well as advanced technology textiles.

Judging from the results, it is clear that the US government has not heard the voice of the industry and consumers.

However, there is no winner in the trade war.

How to upgrade Sino US trade?

Hua Fu holdings and Sun Weiting, chairman of Huafu fashion, once said: "Sino US relations are different from those of previous rounds of big powers. Their teeth and lips depend on each other, whether they are market relations or financial relations. They are hardly alone. In the long run, they are still a win-win relationship.

Textile and clothing are not the focus of disputes. There is no need for them to have excessive psychological burden.

If we look at the role of turning the crisis into a machine, it is also a catalyst for China's textile and garment industry to go out.

Believe in the words of the forefathers: the general trend and the right way.

In China, the trend is to do well in our own affairs, and the national destiny can be sustained.

Sino US trade conflict, financial leverage, any company running will be under pressure.

Order reduction, price decline, increased inventory, increased risk of accounts receivable, how to avoid it? Our countermeasures are: ensuring growth, quality and efficiency, and controlling risks.

The relevant person in charge of Shanghai Hua Shen import and Export Co., Ltd. said: "we need to improve the investment environment in China, encourage the textile and garment industry to upgrade its technology, and strengthen the free trade agreement with ASEAN, the European Union, the countries along the route and the central and South American countries, so that China's textile and clothing products will have more sales targets."

A leading exporters in Jiangsu said: "textile products are not sophisticated, and have strong substitutability. Combined with low profit margins, the ability to withstand pressure is tested."