The United States Imposed A 200 Billion Tariff Countdown For 3 Days, And Over 20 Items Of Textile And Clothing Products Were Excluded From Interpretation.

The US tariff list of $200 billion from China will come into effect in September 24th.

By the end of 2018, the tax rate was 10%.

Since January 1, 2019, the tax rate has been adjusted to 25%.

In this list, tax products decreased from 6031 to 5745, reducing 297 items.

These include consumer electronics products such as smart watches and Bluetooth devices, chemicals used in manufacturing, textile and agriculture, bicycle helmets, game fences and children's high chair safety products.

China Textile Import and Export Chamber of Commerce: 26 textile and garment products excluded

According to the statistics of the China Textile Import and Export Chamber of Commerce, 26 textile and clothing products were excluded, including the PVC medical glove (customs code 39262010), which was applied for removal by the China Textiles Import and export association in September 23rd, as well as plain woven fabrics, twill woven fabrics, plant textile fiber yarns, high strength yarns, polyester textured filaments, viscose staple fiber, polyester staple fiber, weft knitted fabric made of chemical fiber and non cut pile, corduroy made of chemical fiber and cut pile, chemical fiber chenille fabric, knitted or crocheted pile fabrics, warp knitted fabrics, hair net, safety helmet, glass fiber dimension, roving woven fabric and other related products.

It is reported that before the hearing, the China Textile Import and Export Chamber of Commerce went to the 6 provinces of the whole country to investigate and actively communicate with local commercial authorities and enterprises and listen to the views of enterprises. During the Hebei provincial Forum on export of American enterprises, the company said that 90% of the PVC medical glove capacity was in China, and the glove 100% of the United States was dependent on imports.

The China Textile Import and export chamber immediately collected opinions on the export of PVC gloves to the United States, and argued for the elimination of PVC gloves at the hearing.

Wang Yu, vice president of the China Textiles Import and Export Chamber of Commerce, said at a hearing that tariffs imposed on the PVC gloves will lead to higher costs and lower quality. Meanwhile, the delivery period will be extended, and the supply in the US will be in short supply. And the gloves will be used in medical institutions. Once taxes are added, the cost of medical treatment in the United States will increase, which is in line with the requirements of the irreplaceable product exclusion and the negative impact on domestic consumers.

On the other hand, enterprises are also actively contacting lawyers and importers, and have jointly expressed opinions with small and medium-sized customers.

China textile international capacity cooperation enterprise alliance: 18 textile products removed

According to statistics from the Secretariat of China textile international productivity Cooperation Corporation, 18 Textile Products Tariff details were removed from the drafting list of July 10th.

Most of the textile products removed from the list account for more than 60% of the total world imports.

Among them, there are 3 items that account for more than 90%, including unbleached three or four line twill, chemical fiber knitted pile fabric and chemical fiber knitted corduroy, accounting for 3 of 80%~90%, including polyester plain staple woven plain woven fabric, synthetic warp knitted fabric, printed knitted or crochet knitted fabric, accounting for 9 items of 70%~80%.

Sun Huaibin, vice president of the China Federation of textile industry, said that in the 200 billion tax increase list, the overall impact on exports was limited, because the "big head" in export volume, knitted, woven, and some household textiles was not included in the list, but it had a serious impact on Industrial textiles and home textiles.

In addition, the Sino US trade friction also has an impact on cotton. The United States is the most important cotton supplier in China. Last year, China imported 506 thousand and 300 tons of cotton from the United States, accounting for 44% of the total cotton imports in China. The cotton restriction will bring about the expansion of the domestic high-grade cotton gap, while the cost of raw materials imported from the United States will increase.

The continued escalation of Sino US trade frictions will bring the consequences of order and industrial pfer to the textile and garment industry.

Why is the tax adjustment interval 3 months?

It is reported that a tax adjustment period of about 3 months is set up to enable us importers to adjust the supply chain.

However, supply chain adjustment is a matter of a short time. The supply chain of textile and garment industry involves more than ten links. Li Feng Group has always been famous for its supply chain management, so as to see how many links the supply chain management of only 1 enterprises involves.

When the reporter learned about the tariff increase of textile and garment enterprises, some enterprises showed that the export volume of some enterprises is still not showing up. Even the export volume of some enterprises is still rising sharply, because the holiday shopping season such as "black five" and Christmas will come one after another in November and December. Local importers hope to store up goods in large quantities so as to avoid being affected by tariffs and increasing the cost.

According to the data released by the General Administration of customs, China's textile and clothing exports totaled US $181 billion 400 million in 1~8 months this year, representing a cumulative increase of 3.7% compared with the previous August.