When the alarm goes off, throw away your illusions, and textile companies should make even worse plans!

When the alarm goes off, throw away your illusions, and textile companies should make even worse plans!


Because the U.S. government believes that the borderless and unrestricted trade war has affected billions of dollars in goods imported by U.S. importers from China, about 3,500 U.S. companies have asked the government to repay part of the taxes they have paid and called on the U.S. The government changed its tariff policy.



According to a Reuters report, the 3,500 American companies include not only Tesla, Ford, Volvo America and other car companies, but also major American retailers such as Target, Home Depot, and Walgreens, as well as technology companies Cisco and apparel. Manufacturers such as Ralph Lauren and Antaler cover many industries.

These companies stated in the litigation materials that the additional tariffs imposed by the U.S. government on Chinese products are illegal and require the U.S. government to refund the tariffs and taxes paid by the companies and compensate for interest.



According to reports from the US Consumer News and Business Channel, Bloomberg and many other media, Tesla has recently filed a complaint to the US International Trade Court headquartered in New York. Tesla not only sued the current US government, but also sued U.S. Trade Representative Lighthizer. Ive, an analyst at Wedbush Securities in the United States, pointed out: Tesla's move will arouse the attention of many American companies and even trigger more companies to follow suit.

latest news! The United States announced the postponement of sanctions on Xinjiang Production and Construction Corps

The US Treasury Department announced on Friday (September 25) that it would postpone human rights sanctions on the Xinjiang Production and Construction Corps (XPCC) for two months.

U.S. companies were initially required to stop business with the Corps before September 30, but the U.S. Department of Commerce stated that with five days left before the deadline, U.S. companies can now "close" before November 30. business.

Xinjiang plays a huge role in the world's cotton and textile supply chain. The Corps controls many cotton farms and other parts of the textile industry in the region, from processing raw cotton to purchasing cotton harvesting equipment made in the United States. Experts say that without contact with the Corps in some way, it is impossible to do business with China's cotton and textile industries. American human rights organizations accused the Xinjiang Production and Construction Corps of using forced labor in industries including cotton and textiles. The Chinese government denied these allegations and stated that the XPCC had contributed to Xinjiang's economic development.

This postponement will extend the grace period for US companies until after the November US general election. Currently, the trade organization is calling for an extension of the grace period. Earlier this month, the Travel Products Association (TGA), which lobbied for members of the travel retail industry, wrote to the Treasury Department requesting that the sanctions on the Corps be postponed to January 2021. Lobbying disclosures show that TGA and many companies including Nike, Amazon and Coca-Cola have also increased their lobbying efforts to the US Congress. Due to labor issues, U.S. congressmen pushed for legislation to actually ban all products imported from Xinjiang.

The U.S. government is "crazy" and the impact on the textile industry cannot be underestimated

The editor believes that the containment of China has become the consensus of the US political circles and President Trump is taking risks at the expense of the election. These two so-called "checkpoints" are difficult to form resistance to the US government in a state of "frustration and madness". The probability of success is high, and you should always pay attention to whether there will be subsequent actions. After all, the US government is as "unreliable" as the Twitter president.

As far as the textile industry is concerned, we should abandon our illusions. Not only cotton, cotton yarn and cotton textile products, but also most products and even all of Xinjiang’s products, the coverage is very extensive, and the impact and impact on all walks of life should not be underestimated. In addition to all-cotton products, exports to the United States include polyester-cotton, cotton viscose, cotton-spandex and other products. If the bill is implemented, the impact on domestic cotton textiles, clothing, and foreign trade companies will be "divergent" and large. Textile clothing products can only passively “decouple” from the US market; according to statistics from relevant US departments, in the first half of 2020, US clothing imports from China fell by 49% in terms of value, while clothing imports from Vietnam only fell by 11.1% , And even the price of clothing imported from Cambodia increased by 3.4%, indicating that even if Trump and the U.S. government do not shelve the ban on Xinjiang cotton imports, they will still adopt a series of relatively “black box” and concealed measures to prevent Chinese textiles and clothing from dealing with the U.S. Export, so as to achieve the goal of reducing the trade deficit, suppressing China's manufacturing industry, and containing China's rise. Therefore, even if the U.S. government does not revoke the Xinjiang cotton import ban, the unfair competitive environment and unfair treatment that Chinese apparel companies have encountered in exports to the U.S. are becoming more and more prominent, and the share of Chinese companies and Chinese textile and apparel products in the U.S. market will decline in the short term. It is difficult to reverse, and the textile and apparel products of Southeast Asian countries (such as Vietnam, Indonesia and other countries) are gradually replacing Chinese products under the "support" of the US government, and the "reversibility" is not large.
发送反馈
历史记录