What Is The Situation Of Textile And Garment Factories In The Second Half Of The Year?

In May 10th, the United States raised the tariff of $200 billion on China's exports to the United States from 10% to 25%, which involved about 10 billion 300 million US dollars in exports to the United States.

In May 13th, the office of the United States trade representative announced that it would levy a maximum tariff of 300 billion on the US $25% export to China.

China has also made corresponding counter-measures, and Sino US trade relations have become tense.

In July 10th, the Ministry of Commerce said that the United States would exempt 110 types of electronic components and other high tariffs on Chinese imports.

On the afternoon of 11 July 9th, according to Xinhua news agency, on the evening of July 9th, the two sides took the lead in the Sino US trade and economic consultation and exchanged views on implementing the consensus of the two heads of state. At present, the Sino US economic and trade team is maintaining communication on the next specific arrangements.

Thus, Sino US trade relations have been in a fluctuating stage.

The prospect is still complicated, but the Sino US economic and trade team can sit down and restart negotiations. The side indicates that Sino US trade relations will enter a stage of relaxation. In the future, textiles can not be excluded or will appear in the tax-free list.

In the first half of this year, the textile market has been in a cold state. "No one can pick up" and "no profit can be spoken" has become the mantra of the textile people.

The second half of the year has been opened, but the trade outlook between China and the United States is not clear, and this week the Federal Reserve releases a strong interest rate cut signal, which will change the exchange rate.

So what is the situation of foreign trade enterprises?

A textile boss said that they had factories, there were retail outlets, polyester taffeta, nylon spinning, chiffon and other conventional varieties were doing, other fabrics were also doing. In the first half of the year, domestic orders were flat compared with last year, and there was no market rumors so bad.

Exports are mainly exported by traders, mainly to Russia.

　　 The volume of foreign trade orders this year is actually stable, which has not changed much compared with last year. The volume of orders for old customers has always been stable and exports to the US are less. Therefore, the tension between Sino US trade relations has little effect on them.

The exchange rate changes have great impact on them. The Federal Reserve has released a strong interest rate cut. At the same time, the European Central Bank has also suggested that interest rates should be cut. At that time, the exchange rate of the US dollar and the euro will decrease.

Some are happy, and some are sad.

A boss who specializes in export clothing and down jacket fabrics says that the recent market foreign trade situation is not satisfactory. During this period, there are very few lists, plus the off-season, and the days are not good. Now the list can only be done well. As for the new list, I am afraid it will not be until the end of August.

In the first half of the year, the "battleground" of foreign trade was transferred to Pakistan.

In the first half of this year, the market suffered heavy casualties, and the market in the second half of the year was not expected to be any good.

During the visit, a foreign trade salesman disclosed that their company had exported their products to the United States, but because of the increased tariff rate of 25% years ago, they did not reach a shared consensus with the US buyers. Therefore, most of the recent lists of the United States have been temporarily suspended.

In the first half of the year, when Sino US trade relations were tense, everyone thought that the share of exports to the US would be greatly reduced. But according to the latest statistics of customs, China's exports to the US in the first half of the year amounted to 1 trillion and 350 billion US dollars, down 2.6% from the same period last year, and 399 billion 380 million yuan from the US, down 25.7% from the same period last year.

Although Sino US economic and trade frictions have brought some pressure to foreign trade, Sino US bilateral trade data have declined, but the total number of imports and exports of China's foreign trade continues to grow, and the global market is still highly optimistic about the potential of China's market.

Therefore, if there is good news for Sino-US trade relations, the list may be released in the second half of the first half of the year, and China's textile exports will increase in the second half of the year.

But for the time being, Sino US trade relations have been at a volatile stage, and the good news for the textile industry has not been heard, and the possibility that the US dollar exchange rate will fall greatly this month, the depreciation of the US dollar and the appreciation of the RMB will make it even more difficult for us to export.