The United States Will No Longer Impose New Tariffs On Chinese Products.

At the just concluded G20 summit, the US dollar held a 80 minute session and reached a joint decision to restart trade negotiations. The US side decided not to impose new tariffs on China's exports.

The Sino US trade dispute has been a major factor affecting the global and stock market volatility in the past two years. The Trump administration's trade protectionism policy has been criticized in the past two years, including the US based enterprises, which has been pressing the White House and trade negotiators in the past few months in an open letter, because the Trump administration intends to impose an import tariff of up to 25% on the other US $325 billion imports of Chinese goods, which cover a large number of basic products that affect the American people's livelihood in clothing, shoes and electronic products.

In view of the fact that the US brand can not leave China's supply chain, even if the production line is moved away from China, it can not stop the price rise. In fact, the US retailers can hardly get away from China. The Nike Inc. (NKE:NYSE), which has just released its quarterly results, has even said it will increase its manufacturing in China and strengthen cooperation with its partners in China. Apple Inc. (NASDAQ:APPL) Apple Corp has also learned that the Mac Pro production line, which is the only assembly line in the United States, will move into China. As a technology giant, Apple Corp has just written to United, States Trade, the representative of the US trade representative, Robert Letjize, hoping to stop the trade disputes. "Inc."

In the letter, Apple Corp said that the products of the company's core iPhone, iPad, Mac, AirPods and AppleTV will be subject to fourth rounds of tariffs. Apple, as a large taxpayer with 2 million jobs in 50 states of the United States, once retaliated against the tax dispute, Apple Corp's contribution to the US economy will decline, and at the same time, it will crack down on the global competitiveness of Apple Corp. Instead, apple manufacturers in the global market are less affected by the fact that they do not have enough market position in the US. Therefore, tariff reporting will not be conducive to the global competition of Apple Corp.

In addition to the Apple Corp, DELL, HP, Intel, Microsoft and other American technology giant companies jointly issued an open letter Wednesday against the Trump administration's tariff policy and citing Consumer Technology Association data. The potential tariff increases will lead to a price increase of 19% for the notebook computers and tablet computers sold in the United States, of which the average retail price of the tablet computer is raised by about 120 dollars, and the tariff window is in the peak season and the peak consumption season.

After the voice of technology giants, the American Retail Federation, the largest industry association representing National Retail Federation (NRF), said on Friday that US consumers would increase their potential tariffs by spending 4 billion 400 million US dollars, 2 billion 500 million US dollars, 3 billion 700 million US dollars and US $1 billion 600 million a year on clothing, footwear, toys and household appliances, with a total annual expenditure of more than 12 billion 200 million US dollars. NRF David French, senior vice president of government relations, said retailers of the association could not transfer the supply chain to China at the same time. In the short term, American consumers would have to face the price shifting of retailers. There is no doubt that all this is due to the US tariff policy.

In the NRF statement, the association said that, in fact, most American retailers are inseparable from Chinese suppliers. At the customs hearing held this week, a new round of tariff policy on China has also faced a one-sided opposition from retailers. Retailers said that the establishment of long-term and cooperative trust with Chinese suppliers can not be completed overnight. NRF also said that from a practical point of view, there is no way to find any procurement destination to replace China at present.

Earlier, more than 600 American companies and about 150 trade groups representing agriculture, manufacturing and retailing formed a Tariffs Hurt the Heartland, which sent a letter to the president of the United States in June 14th, hoping that the United States would return to the bargaining table and actively resolve the current Sino US trade disputes. The members of THtH include "take the lead" Walmart Inc. (NYSE:WMT) WAL-MART, Target Corp. (NYSE:TGT) Taghit, Kohl "s Corp. (NYSE:KSS) Colls," s "(Group)," Wei "(") "," Wei "(") "" Ge Pu "group," Wei "," the United States Eagle "and other department stores and retail giants.

In May 20th, including Nike Inc. (NYSE:NKE) Nike group, Adidas AG (ADS.DE) Adidas Group American subsidiary, Under Armour Inc. (NYSE:UA) Andemar and other giants jointly issued an open letter, called on the United States not to impose tariffs on Chinese imports of footwear products.

Footwear trade association Footwear Distributors & Retailers of America (FDRA), an open letter of the American shoe wholesale and retail association, said that if tariffs were imposed, because of the increase in border transportation costs, the rise in labor prices or additional tariffs, price increases were inevitable. Consumers need to spend more on products. FDRA estimates that American consumers will spend more than $7 billion a year.