What Is The Trend Of The Trade War In The US Mid-Term Elections?

In November 6th, the US mid-term elections, which are essentially the general election of Congress, have an important impact on the subsequent judgment of Sino US economic and trade relations. What is the trend of Sino US trade relations?

Trump said that I attached great importance to good relations with President Xi Jinping and wished to extend good wishes to the Chinese people through chairman Xi Jinping.

The US side attaches importance to Sino US economic and trade cooperation and is willing to continue expanding its export to China.

It is necessary for the economic teams of the two countries to strengthen communication and consultation.

Xi Jinping pointed out that the essence of Sino US economic and trade cooperation is mutual benefit and win-win.

Over the past few years, there have been some differences between China and the United States in the field of economic and trade. The two countries' related industries and Global trade have all been adversely affected, which is China's reluctance to see.

China is about to host the first international import fair, which shows China's positive desire to increase imports and expand openness.

I am glad that many American businesses are actively involved.

China and the United States also have a successful precedent for solving economic and trade problems through coordination and cooperation.

The economic teams of the two countries should strengthen contacts and conduct consultations on issues of mutual concern and promote a mutually acceptable plan for Sino US economic and trade issues.

Two. 180 American companies take part in the fair.

Despite the background of China's economic and trade frictions, according to China's Ministry of Commerce, nearly 180 American companies have entered the fair, ranking third in all participating countries (after Japan and South Korea), among which there are many business giants such as Qualcomm, Microsoft, Disney and Intel.

Why are American companies so active in China's entry into the fair? What changes have taken place in the survival state of American enterprises in the background of "making enemies all over the United States" for a period of time?

Recently, it is reported that Ford motor company has informed employees through e-mail, and the company will make large-scale layoffs in the near future.

Some analysts believe that the risk of layoffs is expected to reach 70 thousand of employees, Ford Motor Co must know that the total number of employees in the world is only 200 thousand.

In addition to the automotive industry,

It is also an industry that is more affected.

According to the clothing and Footwear Association of America, 41% of its fashion industry

72% of shoes and 84% of accessories are from China.

Stephen Lang, chairman of the American wedding and prom Industry Association, believes that the United States has long lost the ability to manufacture products, impose tariffs, prices will rise and sales decline, eventually leading to the increase in the cost of distribution and retail business in the US.

"If we really pay taxes, we will not be able to make wedding dresses and prom dresses in the United States.

No one will be willing to do the work.

I can't find anyone who can make hand-made beads.

Despite the same opposition, it is not yet possible to determine when trade frictions will be eased.

It is precisely because of this, our textile and garment export enterprises have been afraid to relax their vigilance.

Since September 17th, the US government has announced the introduction of a tariff of about 200 billion US dollars on imports from China, and Yuhang's home textile enterprises have entered the war of readiness.

The household textile industry is the traditional pillar industry of Yuhang's foreign trade export. At present, the export volume of home textile products accounts for 17% of the total export volume of the region.

In 2013, Yuhang district was identified as a professional export base for domestic textile foreign trade pformation and upgrading by the relevant ministries and commissions of the country.

The data show that the total proportion of textile raw materials and textile products (including clothing) accounts for about 36% of Yuhang's exports to the United States in 2015~2017.

In 2018 1~7, exports of textile materials and textile products (including garments) to Yuhang were mainly US $351 million 400 thousand, up 14.06% over the same period last year.

As the United States launched the 301 survey in August last year, the list of tariff increases of 200 billion dollars was released this year. About 120 enterprises in Yuhang home textiles were involved in the case. The amount involved amounted to 130 million dollars, accounting for Yuhang area.

50% of the total textile products exported to the United States (excluding garments) account for 13.9% of the total exports of home textiles and finished products.

Among them, Zhongwang cloth art, the art of cloth, the Central Asian cloth art and other home textile leading enterprises involved in a higher proportion.

As early as August 2017, when the United States Trade Representative Office (USTR) announced the launch of the 301 investigation into China, the Yuhang Home Textile Industry Association, under the guidance of relevant departments and units in Yuhang District, took advantage of itself as the favorable condition for the provincial foreign trade early-warning point, launched the urgent measures for trade relief, followed closely the latest developments in the US 301 survey, and carried out specific measures with the foreign cooperative law firms to earnestly safeguard the legitimate rights and interests of the textile enterprises in Yuhang, Zhejiang and even the whole country.

Through joint data collection, analysis and evaluation with the foreign legal service unit, Zhejiang thousand search law firm, the Yuhang Home Textile Industry Association issued a document to the outside world in May this year. It is predicted that home textile products will soon be involved in the subsequent trade conflicts, so the home textile enterprises need to prepare ahead of schedule.

This prediction is about two months ahead of the official announcement of the US trade representative office's announcement of the $200 billion tax collection in July 10th. The accurate judgement of the association's early warning points has reduced the impact of the 301 investigation on the home textile enterprises and won a valuable response time.

Since the US $200 billion tax collection list was announced in July 10th, the Yuhang home textile industry association has made close cooperation with the thousand search law firm. On the one hand, it has thoroughly investigated, investigated and visited the enterprises involved in the case, and helped to guide the enterprises how to deal with it concretely. On the other hand, it has sent a number of articles to the provincial and municipal departments concerned to provide comprehensive plans and Countermeasures for enterprises to cope with the 301 investigation.

In late June of this year (the list of $200 billion was released for the first half of the month), Zhu Haicheng, a lawyer of the Yuhang home textile industry association early warning point cooperative law company, went to Washington, D.C., to join hands with local professional international trade relief lawyers. The main purpose of the Yuhang home textiles export enterprises was an online live broadcast.

Through the convenient and efficient new media tools such as live broadcast software, we tried a new form of propaganda. About more than 400 representatives from Yuhang enterprises attended the lecture. At the first time, we listened to the analysis of various trade remedy measures conducted by professional international trade lawyers in China and the United States, and conducted interactive exchanges on the line.

In July 24th, when the list of $200 billion was released for about two weeks, and the key node was applied for 3 days before the 301 hearing, the association early-warning point held an online live broadcast once again, and analyzed the 301 survey situation for Yuhang home textiles and other foreign trade enterprises, and the corresponding measures to be taken, and achieved good results.

Because of the wide range of cases involved in the 301 investigation hearings, many textile enterprises in Yuhang district were involved in the case, and the enterprises knew little about the specific legal procedures such as hearing. For this reason, the Home Textile Industry Association sent a special person to the United States to attend the hearing, and made a speech at the 301 investigation hearings. It made a sound social response for Zhejiang and even the whole country's enterprises.

In the 200 billion dollar commodity tax list, it involves

Cloth products have been eliminated 18 items, including 8 items directly involved in Yuhang home textile products.

The amount of Yuhang textile products that was excluded accounted for about 40% of the total 130 million dollars involved.

Yuhang Zhongwang cloth art, Hai Jia cloth art, Central Asia cloth art, the textile of textile, Tengshi cloth, art and so on many leading enterprises benefit.

In view of the $200 billion tax collection list, Yang Linshan, President of the Yuhang Home Textile Industry Association, said: "we cannot avoid evading trade wars, but we must take the initiative to do our best to minimize the impact of trade wars on enterprises."

It is understood that in order to enhance the risk aversion of enterprises in foreign trade and temper the enterprises' multi-directional development ability of foreign trade, this year, the Yuhang home textile industry association also held a number of precise training activities, and continued to intensify in the "depth of action".

As early as April this year, the Yuhang Home Textile Industry Association held a series of lectures on the export training of Yuhang home textiles in collaboration with relevant departments, providing seamless opportunities for Yuhang home textiles export enterprises to communicate with the competent government departments of foreign trade and export.

From customs clearance business, foreign exchange management policy to export tax rebate knowledge, foreign trade policy interpretation, map of RMB, 4 hours, 5 lectures from different angles, to bring full dry goods for participating enterprises.

In May, Yuhang Home Textile Association and Zhejiang Qian Xin law office organized the Yuhang export training seminar.

About 80 people from nearly 50 foreign trade enterprises in the region participated in the training. Relevant experts gave risk prevention measures and strategies and suggestions to deal with trade frictions.

In early June, the association also hosted the first stop of the Hangzhou foreign economic and trade legal service activities in 2018. More than 70 people from nearly 60 foreign trade export enterprises, early warning points, key trade associations and chambers of Commerce participated in the activities.

The lawyers' group of experts made a statement on the two major themes of "the latest trend of trade remedy measures in various countries and the change of investigation methods" and "the coping methods of international trade barriers for small and medium-sized enterprises".

Here, the responsible persons of many enterprises have indicated that under the action of the forewarning mechanism of relevant departments and associations, enterprises are better prepared for the Sino US trade war, and have fully considered how to deal with and defuse risks.

"The challenges are real, but the new opportunities are huge," said a responsible person in charge of the business.

Next, Yuhang home textiles will strive to adjust and optimize the product mix and strengthen the balanced layout of the global market.

As long as we are persistent and down-to-earth.

Yuhang's home textiles can make a better world in the opening up of China's foreign trade.

"To a certain extent, the trade war is forcing our enterprises to pform and upgrade, and strive to do well in brand and technology.

The association must make good guidance and encourage enterprises to win the product quality and brand and make their products irreplaceable.

At the same time, we must continue to create the overall brand of Yuhang home textiles, and let Yuhang's home textile regional brand sing overseas.

The market of "one belt and one road" is very broad. We need to further diversify our thinking and internationalize our vision to make foreign trade, so that Yuhang home textiles can better navigate across the ocean and sail for the future.

Yang Linshan said.

It is understood that in recent years, the Yuhang District fashion industry leading group office has also accelerated the establishment of the fashion home textiles and apparel industry chain monitoring system, formulated the implementation of the "new fashion industry ten policy" implementation measures.

The strategy of "three products" to increase variety, quality and brand is to promote the competitiveness of home textile enterprises in soft power, and gradually strive for pricing power and discourse power in domestic and foreign markets.