Expectation: China And The US Agree To Phased Out The Tariff Raising Market And Usher In A "Good Time".

China and the United States agree to phased out tariff increase with the progress of the agreement.

At a regular press conference held in November 7th, the spokesman said that if the two countries reached the first stage agreement, they should cancel the tariff according to the agreement content and the synchronous ratio. This is an important condition for reaching an agreement.

The summit stressed that China's position on tariff issues is consistent and clear. Trade wars should start with tariffs and should be abolished by adding tariffs. As for the number of cancellations in the first phase, it can be negotiated according to the contents of the agreement in the first phase. The economic and trade teams of both sides have maintained close communication. We hope that both sides will work together to properly address each other's core concerns on the basis of equality and mutual respect.

The summit said that in the past two weeks, the leaders of the two sides had seriously and constructively discussed their respective core concerns. With the progress of the agreement, the phased elimination of tariff increases will help stabilize market expectations and benefit the economic and world economies of China and the United States, which will benefit producers as well as consumers.

Sino US trade is heavily affected by tariffs and foreign trade orders are weak.

Sino US trade has been greatly affected by tariffs. Many textile and foreign trade enterprises say they dare not pick up orders in the US market this year.

The joint China World Trade Center Development Conference released data on the Sino US trade tariff impact at 5 local time. Statistics show that bilateral trade has declined significantly since the US imposed tariffs on China, and the US consumers are heavily burdened.

In the first half of this year, China's exports to the United States decreased by 25%, which was reduced by about US $35 billion, of which office equipment was the most influential and the US imports from China decreased by US $15 billion.

Alessandro Nicita, economist at the joint China World Trade Center Conference on international trade, said that China's exports to the 75% to the US remained stable, reflecting the competitiveness of Chinese enterprises. The average export prices of products affected by tariffs dropped by 8%, offset some tariff effects, and American consumers and importers assumed the majority of tariff costs.

According to research data from the joint China World Trade Center conference, China's exports to the United States decreased by US $35 billion, while other countries' exports to the United States increased by US $21 billion. Alessandro Nicita believes that the bulk of the reduction in imports from the United States is supplemented by other countries, indicating that the domestic products of the United States can not fully meet the demand. Trump's reasons for launching a trade war with the United States are not valid. The joint China World Trade Center conference will continue to focus on Sino US trade data and hope that the two major economies of China and the United States will reach a trade agreement, which is conducive to the international trade environment and world economic growth.

This year's foreign trade situation is complex and changeable. The volume of foreign trade of some enterprises has been reduced by 1/3. Especially during the off-season of 7 and August, there is basically nothing to do. According to industry analysis, with the easing of Sino US trade relations, the possibility of a rebound in the foreign trade market has also increased.

Sino US relations have been significantly eased, and market optimism has led to the rise of the textile market.

With the good news coming from the Sino US trade negotiations, the market is expected to improve and confidence has been restored. Judging from the domestic cotton textile market, the current prices of cotton and cotton yarn have recovered. In November 1st, the settlement price of cotton main contract increased by 305 yuan / ton compared with the same period last week. Cotton yarn main contract closely followed cotton, and the 1 day settlement price rose 325 yuan / ton compared with the same period last week. Spot prices were more conservative, but prices also rose. 3128B cotton spot price index rose 120 yuan / tonne this week, and spot prices rose 150 yuan / ton in November 1st compared with the same period last week. The 32 cotton yarn spot price index increased slightly by 20 yuan / ton compared with the same period last week.

Domestic cotton prices continued to rise, futures prices rose even more obvious. Last week (October 28th -11 3) data showed that the average spot price of domestic grade 3128 cotton was 12842 yuan / ton, up 146 yuan / ton compared with the previous week, and the settlement price of Zhengzhou cotton futures contract was 12977 yuan / ton, up 247 yuan / ton compared with the previous week. The international average price of CotlookA index is 75.63 cents / pound, up 0.26 cents / pound compared with the previous week, and the settlement price of New York cotton futures contract is 64.73 cents / pound, a decrease of 0.01 cents / pound compared with the previous week.

At present, the "golden nine silver ten" that the market looks forward to has ended, for the weak market quotation, the enterprise expressed anticipation. Although Sino US trade relations are improving, we need to pay close attention to how to develop them later. At present, supply of raw materials is sufficient, demand side consumption is weak, and price rise still has some difficulties.

On the whole, the price of domestic cotton and cotton textile products will not fluctuate greatly in the future. The cotton textile enterprises will have more definite expectations in the production arrangement. Under the premise of fully guarding against future market risks, enterprises should strive to open up the market, stabilize production and ensure smooth operation.

(source: Xinhua net, central broadcasting and TV station, China Cotton Trade Association, collated by the global textile network, please indicate the source).