Sino US Trade War: Textile And Clothing Exports Will Be Affected?

According to a reporter from the world clothing network, US President Trump authorized US trade representative Lai TSE to review the so-called "China trade practices" in August 14th, including China's practice in the field of intellectual property rights such as technology pfer.

This move triggered fears that unilateral actions by the United States would undermine Sino US economic and trade relations.

The US will launch a trade survey with China

The US media said that this means that lettse or will invoke the United States.

301st, launched the "301 investigation" to China.

The article authorizes the US trade representative to initiate an investigation into the irrational or unfair trade practices of other countries in the United States, and may recommend the US president to impose unilateral tariffs and other unilateral sanctions after the end of the investigation.

Once the US side decides to initiate an investigation, it will first consult with the Chinese side, and the investigation process may take up to one year.

Many people in the political and business circles of the US pointed out that if the government ignored the WTO rules and adopted unilateral actions to resolve disputes with trading partners, it would not only help solve the problems, but also hurt the interests of domestic consumers and import and export enterprises.

China: never sit back!

At a regular press conference on the 14 day of the Chinese Ministry of foreign affairs, foreign ministry spokesman Hua Chunying responded to this question. In response to this problem, a spokesman for the Ministry of Commerce in China made a statement in August 3rd, emphasizing that any member of the WTO had taken the initiative.

Measures should comply with the WTO rules.

She said that in the close relationship between China and the United States, there has been a close pattern of "you have me and I have you". There will be no future for trade wars, no winners, and only lose.

On August 15th, a spokesman for the Ministry of Commerce issued a statement on the signing of the president's memorandum by the US president on 14 July.

the US side

The practice of ISM will surely damage bilateral economic and trade relations.

If the US side takes action to damage the bilateral economic and trade relations regardless of the facts and does not respect the multilateral trade rules, China will never sit idly by, and will take all appropriate measures to resolutely safeguard China's legitimate rights and interests.

How much will the export enterprises lose if they start the trade war?

Once a trade war is launched, there will be no winners.

China's trade surplus with the United States is needless to say, and the interests of the United States in China are also enormous.

China is an important overseas market for many products in the United States, and 62% of the US exported, 14% of cotton, 17% of automobiles, 15% of integrated circuits, and 25% of the global delivery of Boeing aircraft are sold to China.

Besides, American capital also has huge interests in China.

In 2016, the total income of Chinese funded banks, insurance companies and securities companies totaled about 48 billion US dollars, and the total income of American accounting firms, law firms and consulting companies amounted to more than US $19 billion.

The trade friction between the United States and China has never ceased.

From 1980 to 2016, the United States launched 262 trade relief surveys on Chinese products, involving a total of 28 billion 220 million US dollars, averaging at least 7 per year.

According to the statistics of the US International Trade Commission, by the end of March 2017, there were 110 anti dumping duties involving Chinese products and 43 countervailing duty orders, totaling 153.

In the first half of the year, China's textile and garment industry is also facing a serious trade friction situation.

According to statistics, in the first half of this year, China's products encountered 37 cases of trade remedy investigation from 15 countries and regions, including 28 anti-dumping cases and 4 countervailing measures, and 5 safeguards, involving a total of 5 billion 300 million US dollars.

From the perspective of country, 12 cases were registered in India, and 11 in the United States, ranking the top two.

In recent years,

Most of the sponsors of the field cases are in developing countries, but in the first half of this year, the US case came out again.

In June this year, the United States launched a double counter survey of my polyester staple, which was once again 6 years later.

The development trend behind the original investigation is noteworthy.

Among them, the anti-dumping investigation is targeted at China, India, South Korea, Vietnam and Taiwan, China. Countervailing investigations are directed against China and India.

The dumping investigation period is from October 1, 2016 to March 31, 2017; the subsidy survey period is 2016.

In 2016, the total exports of products to the US amounted to about US $80 million.

Sino US trade and cooperation are far greater than differences.

In 2016, Sino US bilateral trade in goods amounted to US $524 billion 300 million, an increase of 209 times than that at the beginning of the establishment of diplomatic relations; bilateral trade in services exceeded US $110 billion; two-way investment totaled more than US $200 billion.

Meanwhile, from 1980 to 2016, the total amount of US trade remedy investigation in China over the past 36 years was less than US $30 billion.

The contrast between the two sets of data shows that Sino US trade and economic cooperation and win-win cooperation are the mainstream.

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