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Can Not Afford A New Round Of Tax Increases! 520 Enterprises And 141 Trade Associations Jointly Wrote To...

2019/6/20 11:46:00 20

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Trade Association Tax Increase Sino US Trade War

"25% tariffs give us a head start!"

"If we can move out of China, we can do this, but we really can't do it."

"No other country has produced it outside China."

"In addition to lowering the quality of products and increasing prices, we really have no other way to spanfer to other countries."

Cashmere in New York Garment factory Here comes the business. The baby products manufacturer in California is here, Massachusetts. Gym shoes The manufacturing company is coming too. The US International Trade Commission building, located in the southern city of Washington, USA, is crowded with people.

That day was the first day of the 7 day series hearing held by the US government to impose tariffs on 300 billion US dollars in goods exported to the US. Dozens of trade associations and representatives from all parts of the United States came to "Chen Qing". Most of them called on the US government not to levy a new round of tariffs on Chinese goods. We can't do without China's supply chain, and we can't afford a new tax increase. "Tariffs ultimately hurt American businesses and consumers.

Direct impact on US consumers

The previous US tariffs on China were mainly concentrated on intermediate products and industrial products. Most of the list of tariffs added by the United States to new China is the most familiar terminal consumer goods, including mobile phones, notebook computers, and so on. Clothing, footwear Toys, game equipment, etc. Once these tariffs are implemented, American consumers will be directly affected.

U.S.A fashion Brent Cleveland, executive director of jewelry and accessories trade association, made the first speech at the hearing. Cleveland says, Importing these daily consumer goods will not jeopardize American security, but the Levy of tariffs will damage the interests of small and medium-sized enterprises and consumers in the United States.

Mark Schneider, chief executive of Kenneth Karl, a shoe and bag business in the United States, said. Imposing tariffs on goods imported from China will force the company to share losses with retailers and consumers.

Lisa Trov, executive director of the American Association of young product manufacturers, said that if tariffs were imposed on imported products from China, many American families would not be able to afford safe infant products, which would endanger the safety of infants and young children.

Representatives of American electronics retailers such as best buy, new brun sports shoes, the Federation of footwear and footwear industry, Toy Association and other enterprises and industry associations also warned on the same day that tariffs on China would increase the cost of American consumers, disrupt production and damage employment in the US.

Before the hearing, the office of the trade representative of the United States has received more than 1600 written comments submitted by representatives from all walks of life. Most of them oppose the US government's tariffs on Chinese goods. The Washington Post believes that a lot of opposition reflects the growing concern about tariff policy in the US business sector and the exhaustion of the president's trade policy.

The United States lobbying organization "tariffs harm the US hinterland" recently quoted a research result. If additional tariffs of $300 billion are added to China's exports to the US, plus tariff measures that have already taken effect, the United States will lose 2 million jobs and GDP will be reduced by 1%.

Supply chain is inseparable from China.

At the hearing, what the US government officials asked most was whether the enterprises could shift the supply chain from China. Entrepreneurs and industry representatives repeatedly and patiently explained: China's supply chain system is mature and complete, and it is no easy task to shift the supply chain from China. It is even impossible for some industries, because China is the sole source of imports for many products.

Joan Croff, chief executive officer of Quin garments, New York, said that the cashmere garments imported from the company must be of high quality cashmere produced from Alashan sheep in Inner Mongolia, China. China Spin The technology level is high and the quality is guaranteed, so the product supply chain can not be spanferred from China.

Schneider, who is also engaged in shoes and caps and bags business, said: "over the years, we have established an efficient and stable supply chain in China. If the supply chain is spanferred to other countries, product quality, capacity and cost performance can not maintain the original level. Moving back to the US production is not feasible, because there is no supporting facilities for the development of related industries. "

Rick Helfenbain, President of the Federation of clothing, footwear and footwear industry, admitted that Trying to shift the supply chain from China, the Chinese footwear and footwear industry is always doing better than anywhere else. He said, Despite the rapid rise in China's labour costs over the past few years, China has successfully maintained its competitiveness by increasing labour productivity.

The "China Economic Bulletin" issued by the world bank in May pointed out that when investors decide whether to move out, they will consider not only the wage differences of different countries, but also other related factors. China's complete supplier ecosystem, good labourers' skills and business culture are all valued by investors. Nicholas Radi, a senior researcher at the Pedersen Institute of international economics, told Xinhua that foreign direct investment into China is still at a high level and is still rising.

Sino US economic and trade cooperation benefits both sides

At the hearing, the speeches of the delegates once again showed the essence of mutual benefit and win-win relationship between China and the United States.

Schneider, who has been doing business with China for 35 years, said that his cooperation with Chinese business partners has been very enjoyable. China is a good supply base, and trade relations with China benefit American consumers. He emphasized that tariffs on shoes, hats and bags could not solve the concerns of the US government.

Recently, the United States 520 companies and 141 trade associations have jointly sent letters to President Trump. Urges the US government not to impose tariffs on goods imported from China, but to return to the negotiating table to reach a settlement with China.

At the end of last week's "select America" Investment Summit 2019, US local government economic and trade officials also expressed the desire to end trade disputes as soon as possible and strengthen economic and trade cooperation with China. Laura Johnson, director of marketing at Idaho agriculture department, told reporters that despite the negative voices of the federal government, the position of friendly exchanges between local governments and enterprises has not changed.

At the hearing, "Made in China" is widely praised by the US industry. "Product quality" and "mature manufacturing process" are commonly used in the speeches of the delegates.

The recognition of the status of "made in China" products and supply chain by American consumers and industries reflects the complementarity and dependence of China and the US economically.