March Tariff Countdown, Sino US Intensive Economic And Trade Negotiations, Textile People Understand?

Tariff increases entered the countdown, and Sino US economic and trade consultations intensified.

At the invitation of the US side, envoy Xi Jinping, member of the Political Bureau of the CPC Central Committee, vice premier of the State Council, and Liu He, the leader of the Sino US comprehensive economic dialogue, will visit Washington. In from February 21st to 22nd, the seventh round of Sino US economic and trade consultations held with the US trade representative, lettchet and finance minister Mnuchin, is only 5 days away from the last dialogue between the two sides.

The time limit for China's tariffs on products increased to 25% at the time when the United States declared zero in March 2nd, and the process and final outcome of Sino US economic and trade consultations are affecting the minds of the textile industry.

Sino US economic and trade consultations reach a principled consensus on major issues

The US government imposed a 10% levy on China's 200 billion yuan product, which was raised to 25% in January 1, 2019.

In December 14, 2018, the office of the trade representative of the United States announced that it would be postponed until twelve one at midnight on March 2, 2019.

A total of 5745 items were taxed, of which 917 were involved in the textile industry, involving all kinds of textile yarns, fabrics, industrial finished products, and some household textiles. The annual export volume of products involved exceeded 4 billion US dollars.

In fact, after the first meeting of the US dollar in December 1st last year, especially in late December last year, the frequency of contact between the two sides is getting higher and higher.

In February 15th, the sixth round of Sino US trade and economic consultation ended in Beijing Diaoyutai.

Liu He, the Chinese leader of the Sino US comprehensive economic dialogue, the US trade representative lettlet, and finance minister Mnuchin led their respective teams. On the basis of the Washington consultation, we completed a new round of consultations and reached a principled consensus on the main issues.

The relevant people believe that this should be interpreted as a positive signal release.

Zhu Min, former vice president of IMF and Dean of the National Finance Research Institute of Tsinghua University, seems to say that it is a good thing to talk about.

He believes that there are many details in the trade negotiations, and we will form some achievements and reach some agreements, which should be the efforts of both sides.

But there are differences, "I don't think it matters.

Trade is always negotiation, and conversation is good.

The United States also feels more and more need to solve this problem through negotiation, so the process of talks between the two sides is getting closer and closer. This is a good thing.

There is no doubt that this round of consultations is the most important game in the past year.

Both sides attach great importance to the pressure and hope to make breakthroughs.

On the evening of 14, the two sides worked all night. For their respective national interests, both sides showed strong diligence, dedication and professionalism.

Giving is always rewarding.

At the end of the consultations, Chinese President Xi Jinping met with us trade representative lettse and Mnuchin, finance minister in the Great Hall of the people.

This is the first time that the Chinese head of state has met with us trade negotiators since the Sino US trade frictions last March.

This undoubtedly conveys a very positive signal: on the basis of consultations in Washington, the two sides have made a step towards the final settlement of the trade dispute.

Liang Ming, director of the Foreign Trade Research Institute of the Ministry of Commerce, said that this time, our Sino US economic and trade consultations team is further implementing the consensus of the leaders of the two countries and further moving towards the direction of this consensus.

Albright, a senior consultant at Shiqiao group, believes that this is a good sign for Ji Ruida.

President Trump received the Chinese Vice Premier in the United States.

From the current performance of both governments, efforts are being made to reach an agreement.

Finding the greatest common divisor

Seeking common ground while reserving differences can be said to be a basic consensus between China and the United States in resolving bilateral issues.

In February 15th, President Xi Jinping met with us trade representative lettse and Mnuchin, Minister of finance, and pointed out: "I have said many times that China and the United States can not be separated from anyone, they are both good and bad, and they are all hurt. Cooperation is the best choice.

With regard to the differences and frictions between the two sides, we are willing to resolve them in a cooperative way so as to push for a mutually acceptable agreement.

Of course, cooperation is a principle. "

Xia Sheng en, the new chairman of the Chinese Chamber of Commerce, uses American football and soccer to compare the economic differences between China and the United States.

In his view, if they are not familiar with each other's rules, someone will be hurt.

A good solution is to find and formulate rules that are suitable for both sides.

Xia Zunen said that two kinds of football are good, but they are different in playing.

China and the United States have different understandings of rules, which create many problems.

We must find a way to make the rules clearer in some aspects or make some other adjustments.

If the two sides can resolve the dispute and no longer have any influence on the bilateral economic and trade relations, the world economy will benefit from it.

If such an agreement can be reached, the stock market and the companies making strategies will be more relaxed.

Liang Ming, director of the Institute of foreign trade research of the Ministry of Commerce, looks at the fact that although many rounds of consultations have come down, the consensus has been narrower than before, but the contradiction still exists.

It is not realistic to resolve trade disputes in the world's top two economies through several negotiations.

Liang Ming said, for example, there are still some differences between China and the United States on some structural issues. This may be the next step that China and the United States need to negotiate to solve.

Next, we must look for the greatest common divisor between China and the United States, find common points of interests, and further promote the healthy development of Sino US economic and trade relations through these consultations.

The key is to manage our own affairs well.

Of course, things are moving in a good direction, but the Sino US trade friction that has lasted nearly a year has increased the uncertainty of the world.

Zhu Min wrote in an article recently written: "in Davos for 20 years, Davos has never seen such anxiety and uneasiness.

Trade friction between the United States and China occupied all the topics of the conference.

Anxiety and uneasiness make entrepreneurs around the world cling to their wallets.

In 2018, global foreign direct investment (FDI) dropped from 1 trillion and 470 billion US dollars in 2017 to US $1 trillion and 200 billion, down 18%.

The same uncertainty also poses great challenges to the Chinese economy in pition.

But Li Minzhu, director of the Economic Development Department of the Asian Development Bank's representative office in China, looks like China has lost everything.

Li Minzhu said that trade friction has both negative and positive effects on China. But what kind of impact is more profound? I think in the long run.

Tariff changes are usually short-term, and in the long run, the impact is limited.

In the long run, we can promote China's further expansion and opening up and push forward the structural reform of the supply side, and gradually solve some problems in China. This is an opportunity for China. There is a proverb in China: "opportunities and challenges coexist". You have accepted the challenge, but you can also turn it into an opportunity.

This experience has taught China a lesson.

There are always traces of history in reality.

At the end of last year, Kenichi Ohmae, a famous Japanese business scientist and management guru, talked about the fact that since the 70s of last century, Japan has been the longest and most frequent country in the trade frictions with the United States.

From the earliest fiber clothing, wooden shoes, steel tires, TV cars and Telecommunications semiconductors, almost every trade war seems to have ended in Japan's concession and compromise, but in fact, it has brought countless benefits to Japan, making products made in Japan better and better, processing trade becoming more and more globalized, and Japan's market economy is becoming more and more perfect.

In fact, with regard to some structural problems of differences between China and the United States, such as intellectual property rights protection, non-tariff barriers and other issues, looking at the decisions and nineteen major reports of the third Plenary Session of the 18th CPC Central Committee on several major issues of deepening the reform, we can see that these contents were originally the proper meaning of China's efforts to promote comprehensive deepening reform, which is the only choice for China's economic development with high quality and continuous improvement of comprehensive national strength, rather than a temporary move to deal with external pressure.

As for the outcome of the consultation, if we stand on the longer axis of time, it will not matter what the result is today.

The important thing is to manage our own affairs no matter how heavy the wind and rain are.

As Lu Mai, Secretary General of the China Development Research Foundation, said, China is going its own way, and this road is sure to go on.

Lu Mai believes that reducing uncertainty is a special expectation, but if we talk about the final result, we need a process.

Anyway, the road is still long, but China is going its own way. This road is sure to go on. It will surely make people see the bright future.