It'S All Tariffs That Cause China'S Clothing Industry To Suffer From Both Sides.



In June 19th, US President Trump said that a 10% tariff would be imposed on US $200 billion of Chinese goods. If China retaliated, it would increase the import quota of US $200 billion. If the amount of the first 50 billion US dollars was calculated, the total amount would be US $450 billion, which almost amounted to 505 billion 600 million US dollars in total exports to the United States for the whole year.

In June 15th, the United States formally disclosed the list of goods that were added to US $25% for the export of 25% tariffs, and was formally implemented in July 6th. The second stage 16 billion dollar list of goods was solicited for public comment.

Because the main purpose of the US trade war is to export Chinese high-tech products to the United States, so as to clamp down on the smooth implementation of the "China made 2025" plan and ensure that the leading position of the US high-tech industry is not threatened.

Therefore, in the list of the first 50 billion US dollars, textile and clothing survived and were not the first ones to attack.

But don't be too happy. In the future list of $200 billion to be added to 10%, clothing will most likely be included.

How much would this amount be? In 2017, China exported $39 billion of textiles and raw materials to the United States, accounting for 14.5% of the total export volume of textiles and clothing for the whole year, and was close to 1-4 US dollars in clothing and clothing accessories exported in the 1-4 months of this year. The export volume is $42 billion 560 million.

At the same time, last year, the United States was the second largest textile export destination of our country, accounting for 17%, which is lower than 18.2% of the EU. However, if the tax is really increased, the negative impact on China's clothing exports can not be underestimated, but it will not produce any damaging influence.

Then trump will go all the way to this stage? From the perspective of the current trade war, Americans are playing the next big game, because it is related to the dominant position of the United States in the field of high technology, and from a broader perspective, it also includes the role of the United States in the world currency, financial hegemony and the rulers of global affairs.

So, in this core interest, the United States is sleeping next to the bed, let alone others sleep. Besides, China's total imports from the United States last year amounted to only $130 billion 370 million. Even though revenge, its strength and magnitude are far from comparable to that of the United States. It does not exclude that we will launch actions in the field of non trade such as finance, such as selling US dollar bonds, but this is a practice of losing both sides.

Therefore, the continuity and complexity of this trade war will be beyond imagination.

Therefore, the garment industry should not be too lucky.

If the United States levy tariffs is just hanging on the head of the "Damour Chris" sword, then the July 1st will be formally implemented to reduce tariffs on clothing imports initiatives are gradually coming to reality.

In May 30th, the Executive Council of the State Council decided to reduce the average tariff rate of clothing, shoes and caps to 7.1%.

The clothing industry can not be seen either inside or outside.

The reduction of import tariffs is mainly caused by Chinese high-end clothing brands, because there is no shortage of clothing with low quality and price in China.

Mainly high quality and high price category.

In 2017, China's textile and apparel exports totaled $268 billion 600 million, while imports were only $24 billion 550 million, accounting for only 9% of exports.

The scale of the import will definitely expand in the future, and its direct attack will be the local high-end clothing brand.

In sharp contrast, China's exports

Products are mainly middle and low grade, to meet the low and middle end of the overseas market.

Demand, but encountered high tariff barriers.

The EU has imposed a 12% import tariff on Chinese textile and clothing. If the Americans are to be added to the tax increase list in the future, the situation will be worse.

At that time, the low end of high school in China's clothing industry was hit by tariffs. It can only be described in one sentence.