The United States Will Put A 10% Tariff On Chinese Clothing, Which Is Related To People's Livelihood.

Yesterday evening, The US trade representative's office said it would postpone the 10% tariff on computers, video game consoles, some toys, computer monitors and some footwear and clothing products to December 15th in September 1st. President Trump said: "we are doing this for Christmas, in order to prevent some tariffs from having an impact on US consumers." Trump also said that the latest call to China was "very productive".

According to official data released by the United States, about 42% of women's clothing and girls' clothing imported from the United States in 2018 were valued at US $23 billion 500 million, while 26% of men's clothing and boys' clothing came from China, worth 10 billion 900 million US dollars. In this regard, Tamara Gurevich, an economist with the US International Trade Commission, believes that the new tariff policy will have a greater impact on women's clothing than men's.

Earlier, the most popular protest against the Trump administration's trade policy in the United States was the clothing retail industry and related department stores. American consumers would increase their cost of living due to rising prices of clothing, toys and other daily necessities, and inhibit investment and threaten US employment. Helfen Bein, chairman of the national apparel and Footwear Association, said: "levying tariffs is a tax on American consumers."

After the United States decided to delay tariffs on some Chinese goods, the US stock market climbed sharply on Tuesday, and retailers cheered for the possible delay in the cost of clothing and electronics. Best Buy surged more than 6%, Nike rose 2% and Nordstrom rose nearly 2%. The United States Trade Representative Office issued a statement before the US stock market went down, because the bond market issued a dangerous signal, exacerbated by the global economic slowdown may cause the United States into recession.

The United States has repeatedly waved a big stick to impose pressure on China, especially when the renminbi broke through the "7" offshore and offshore exchange rate against the US dollar, and listed China as a currency manipulator. Since Trump announced the new round of tariffs, the slowdown in global economic growth caused by trade friction has led to two weeks of turbulent trading in Wall Street.

It is reported that the office of the United States trade representative will publish more details and the list of specific product types affected by this statement. The office plans to exclude the products with additional tariffs. This magazine will continue to pay attention.