On The First Day Of The 300 Billion Dollar Tariff Hearing, Yaguang Home Textile Is Actively Voicing For Textile Enterprises: "Irreplaceable"

Since June 17th, the office of the United States trade representative has held a 7 day public hearing on the proposed tariffs on US $300 billion worth of goods exported to China. The first 8 Panel hearings came from home textiles and clothing. fashion Representatives of various industries, such as supplies, children's products, television production, port equipment, sports products and so on, spoke of the overwhelming majority against further tariffs.

At this hearing, the 301 inquiry committee of the United States mainly focused on the following points:

Can American companies affected by taxation import products from other markets outside China?

Is China the only source importer?

Can the supply chain of American enterprises be spanferred out of China?

At the hearing, the participants could speak on their own positions and put forward products that wished to be free from customs duties and fully explain the relevant reasons. If approved, these products are expected to be deleted from the tariff catalogue.

Loftex is fortunate to be the only home textile company participating in the first 301 day group hearings. Loftex is a branch opened in Binzhou by Yaguang Home Textile Co., Ltd., which mainly serves the US market. It has more than 12000 square feet of exhibition halls, employs 14 professionals, and opened a 55 thousand square foot modern warehouse center in New Jersey with 25 employees. Almost all employees of Loftex are American, Loftex brand It is the famous towel brand in the US market at present.

As an international company with strong sense of social responsibility, Yaguang home textile makes use of all possible opportunities to represent the voice of Chinese enterprises and actively strive for the rights and interests of towel enterprises in China. The company attaches great importance to the 301 hearings and has appointed Charles CEO, a Loftex Home LLC of Yaguang American company, to see Robert, trade representative Robert lettse, in Washington on the face of the fact that the effect of the US tariff on Loftex and the US consumer is to be described in face to face. It is not feasible to explain the alternative production facilities to the representative of the US trade representative. Loftex has a complete industrial chain, which can control the entire supply chain and product quality well. In the world, the first Made In Green label in the B2C field can meet the production and sales of high-end towel products. The capacity of Loftex is also very strong, and the annual trade volume of towel in the United States reaches 150 million dollars. If it is necessary to duplicate the same factory in another area, whether it is from investment or training high-quality employees, it will be a very big challenge and almost impossible to achieve. Therefore, the government of the United States is strongly required to delete 6302.60.0020 and 6302.60.0030 corresponding products from listing 4.

Not only that, Charles, when he heard the testimony, he also made a positive voice on behalf of Chinese textile enterprises, indicating that tariffs on towel products would not be paid by China, but would be paid by American companies and American consumers. Moreover, tariffs will not only hurt thousands of us importers, retailers, and downstream industries, but also threaten the unemployment of American employees who are linked to China's trade.

It is reported that a new round of tariff increases will cover more than 3800 items of tax items, including mobile phones, laptop computers, child safety products, clothing and accessories. footwear A large number of terminal consumer goods closely related to people's life, toys, game equipment and so on. This means that once a new round of tariffs is introduced, thousands of ordinary consumers will face the impact.

At the hearing of the day, enterprises and trade associations opposed to tariffs were repeatedly mentioned above through a large number of data and cases. In the more than 1700 written comments received by the office of the United States trade representative, the majority warned that additional tariffs would raise consumer prices, hurt American employment and disrupt the production of related enterprises.