China And The United States Second Rounds Of 16 Billion Dollars Tariff Implementation, For The 200 Billion Tax Increase Plan, The United States Textile And Garment Representatives Agreed Not To!
From August 23rd onwards, The Trump administration's measures to impose a 25% tariff on US $16 billion in Chinese goods are effective. 。 At the same time, domestic hearings on the $200 billion tax increase scheme for Chinese commodities are also underway. On the first day of the hearing, representatives of the vast majority of American enterprises and trade associations opposed the Levy of tariffs. Textile and clothing Chemistry and many other industries. In addition, from 22 to 23 days, Wang Shouwen, Vice Minister of Commerce of China, was invited to the United States to hold consultations on economic and trade issues with the US Vice Minister of finance, marpas.
16 billion commodity tax increases took effect in August 23rd.
In June 15, 2018, according to the results of the unilateral investigation, 301, the US government announced an import tariff of 50 billion on the $50 billion commodity originally produced in China. Following the first round of US $34 billion product tariff, the decision to impose a 25% tariff on the second round of US $16 billion product came into effect today (August 23rd). Earlier, more than 90% of the delegates attending the hearing expressed their opposition to tariffs.
At the same time, according to the announcement of the Customs Tariff Commission of the State Council on tariffs on imported goods originating in the United States of about 16 billion dollars, the Chinese side imposed a 25% tariff on the US $16 billion commodity, which was officially implemented at 12:01 on the 23 th.
According to the "list of tariffs on goods exported to the United States" two, "China textile daily" reporter has counted more than ten items. Textile industry The relevant commodities are among them, and most of them are Textile raw materials 。 At the same time, reporters interviewed the relevant industry organizations for the first time and realized that the move had little impact on China's textile industry.
What does the representative of the United States say about the 200 billion tax increase plan?
The United States government hearings on the value of $200 billion in Chinese goods levy duties are in progress. On the first day, 55 of the 61 business representatives were against tariffs, involving textile, clothing, chemical and other industries.
According to CCTV reports, from the first day of the hearing, most representatives of American enterprises and trade associations used the term "non repairable" to describe their economic losses. In addition, they have to lay off workers on a large scale to reduce the cost of enterprises. If the tariff increases by 25%, it will bring huge burden to the small and micro enterprises in the United States. Ed Brutva, director of international trade affairs of the US chemical Commission According to the data estimated in April this year, 24000 jobs will be lost due to trade friction, including chemical industry. Downstream industry This is only the impact of the initial $50 billion tax increase.
As of 20, the office of the trade policy representative of the United States has received 1545 testimonies. Most representatives of the industry oppose tariffs. The United States has extended the deadline for public consultation from August 30th to September 5th.
According to statistics, the US trade policy Representative Office (USTR) released a list of Chinese imports and 1333 tax numbers worth $50 billion in early April and solicited opinions. At the hearing held in May, after many companies objected to the Levy of tariffs, USTR deleted 515 tax numbers, worth about 16 billion dollars. At the hearing on the list of $16 billion held in July, USTR deleted 5 tax numbers. One of the important reasons for the deletion is that the Levy of tariffs will cause losses to the small and medium-sized enterprises in the United States and ordinary families, increase the cost of the related industries in the United States and weaken the competitiveness.
On the first day of the hearing, Bishop, President of a manufacturing company in California, USA In testimony, his company's products are all made in China. He has tried many times to make a pilot's portable bag in the United States, but even if it can be realized, the cost will increase by 3 times. He also pointed out that China is the main producer of nylon bags in the world. "They are really good at it. The products of Chinese companies are better than those of the US companies that we have worked with before, and the cost is much lower."
Many business representatives said that because of the realization of the global supply chain, the products and components of many American enterprises are made in China. It is impossible for them to transfer the supply chain to the US or third countries in the short term. The enterprises in these areas are too expensive, or do not have enough resources and trained labor and infrastructure, so it is difficult to digest the quality of products currently produced in China with the same quality and competitiveness.
Stephen Lamar, vice president of the clothing and Footwear Association of America At the hearing scene. Fabric The products of the 4 companies are listed, and they are strongly requested to remove textiles, clothing and footwear from the list of taxes. The association represents nearly 4 million American employees and retail sales of $384 billion per year. He said that China is a major source of imports from the United States and is unable to find an alternative. Taxes will impose enormous burden on consumers and businesses in the United States. Matheson, co-founder of hickory, North Carolina, told the Wall Street journal that after the increase in taxes on Chinese goods, the United States no longer had any leather home decoration business.
Lamar also said that I think China and the United States should be able to sit down and discuss intellectual property rights and technology transfer rather than "tariff" to solve the problem. Some of our enterprises have recently discovered that they are exported to China. yarn We pay 25% more tax on textiles. Then the final product they import will have to pay 25% more tax, so they will have to pay double tax.
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