At 12:30 a.m. on March 23, Beijing time, US President Trump signed a Presidential Memorandum to impose large-scale tariffs on goods imported from China based on the results of the '301' investigation and restrict Chinese companies' investment in and mergers and acquisitions in the United States. The U.S. finally unilaterally launched a Sino-U.S. trade war against China that has been brewing for a long time! On April 4, in order to counter the United States, the State Department decided to impose a 25% tariff on some products originating in the United States, including uncarded U.S. cotton and cotton linters. Trump subsequently announced that he would continue to add 100 billion US dollars to the list of taxable goods. The Sino-US trade war has intensified. The trade war has gradually extended from the initial steel and aluminum industry to the textile industry. The United States is the largest exporter of Chinese textiles and apparel. my country is the world's largest exporter of textiles and apparel. At the same time, textile and apparel exports are also an important component of my country's trade exports. The proportion of textile and apparel exports in my country's total foreign trade remains at about 13%. The top 10 export markets for Chinese textiles and apparel are: United States 17%, Japan 8%, Hong Kong 6%, Vietnam 5%, Britain 4%, Germany 3%, South Korea 3%, Russia 3%, Philippines 2%, UAE 2% . Among the top 10 markets for China's textile and apparel exports, the United States occupies the first place. In 2017, China's exports to the United States accounted for 15.5% of total textile and apparel exports. From the perspective of export structure, clothing exports are the mainstay, accounting for 73% in 2017, and textile exports are supplemented, accounting for 27%. China and the United States have a huge trade surplus in textile and apparel trade. In 2017, China's textile and apparel trade volume totaled US$293.15 billion, of which exports were US$268.6 billion, imports were US$24.55 billion, and the cumulative trade surplus was US$244.05 billion. The surplus means that we sell more products to the United States than the United States sells us, earning their money, occupying their market, and robbing them of their jobs. Therefore, Trump will definitely not let go of China's textile and apparel industry! The main importing countries of American textiles and clothing are: China, India, Vietnam, Pakistan, Mexico, Bangladesh, Indonesia, South Korea, Honduras and Canada. In 2015, the top four exporters of textiles and apparel to the United States were China, Vietnam, India and Mexico, accounting for 37.25%, 9.43%, 6.68% and 4.52% respectively. China has an absolute advantage. As the second largest textile and apparel import market in the United States, Vietnam is most likely to accept the transfer of orders due to its relatively complete industrial supporting facilities, low production costs, and abundant labor. The impact on the textile instrument industry. Everyone knows that
textile testing instruments are dependent on the textile industry, so textile testing instruments will follow wherever the textile industry is transferred. Of course, as an indispensable testing instrument for textile quality supervision, there are also larger ones in the United States. Market share, in response to the tariff issue that was added to US$100 billion in the trade war on April 4, it has begun to extend to the field of instrumentation. At the same time, the field of instrumentation is also a key construction area of u200bu200b'China's Smart Manufacturing 2025The spearhead of the war. Although the current Sino-US trade war has just begun, there are still many possibilities for whether it will continue, but as a large foreign trade export country, such international trade disputes are definitely inevitable. Companies with foundations in Souyi can consider setting up local companies. Or the office is handled as an international warehouse. Secondly, diversified trade is also an effective way to avoid such problems. In view of the Sino-US trade war issue, it also reminds the current foreign trade export industry of risks and countermeasures.
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