Sino-US trade war has eased for a month. How about textile foreign trade enterprises?

Do you remember the news that the heads of state of China and the United States reached a consensus in early December to stop imposing new tariffs? In Jiangsu and Zhejiang regions where textile industry is concentrated, many textile enterprises have frequent trade contacts with the United States. The trade war between China and the United States has eased for nearly a month. What impact will that have on the textile industry?



Inject a dose of fresh blood into textile foreign trade market < br />.


With the passage of time, Sino-US trade easing is playing an active role. After the middle of this month, good news came from polyester factories and textile and garment enterprises.



On December 14, a surprise came from foreign trade export orders: three polyester enterprises in Ningbo, Zhejiang, were rumored to have received hundreds of millions of yuan of filament export orders, while a well-known textile enterprise in Nanjing, Jiangsu, also received hundreds of millions of yuan of textile export orders, which greatly boosted the previously depressed textile foreign trade market. It has played a positive role in the order recovery of the trade slowdown between China and the United States.



Polyester factories and textile enterprises have received large orders one after another, so whether the foreign trade orders of the whole textile market have improved?



The increase of foreign trade orders in the United States will benefit foreign trade textile enterprises < br />.


The head of a garment trader in Jiangsu Province to the United States said that the tariff remained at 10%, which made the pressure on enterprises to export to the United States smaller.



The manager of a silk mill in Wujiang also said that with the passage of time, Sino-US trade slowdown has brought more orders from the United States. Previous orders were mainly in small batches and multiple batches. Recent receipt of a number of large orders, factories are rushing to produce goods, workers are also very busy.



Billions of filaments, hundreds of millions of export orders from textile enterprises and many small and medium-sized enterprises have also received some orders from the United States, which also shows that the export market is gradually improving.



US orders to Southeast Asia are flowing back < br />.


A large number of US orders were transferred to Southeast Asia due to the constant friction in the previous Sino-US trade war. But for textile and apparel fabrics, China has a strong voice, now Shengze market in Southeast Asia is second only to Japan and Korea market, but some of the fabric orders we export to Southeast Asia, in fact, the end customers are still European and American markets; now the trade war has eased, more and more American orders began to flow back.



The head of a trading company also mentioned that although transshipment to Southeast Asia can avoid the risk of US tariffs, American customers are more willing to place orders in China when the supply of ground materials is relatively scarce than in the Chinese market.



Trade frictions are still unknown. Don't be blindly optimistic < br />.


Even though China and the United States are now in a state of relaxation, it is not entirely sure that there will be no new trade frictions between China and the United States in the future. In May this year, China and the United States reached a cease-fire agreement on trade wars, but less than 10 days after the agreement was signed, the White House suddenly announced a 25% tariff on $50 billion of Chinese goods, so that domestic netizens satirized Trump's & ldquo; contractual spirit & rdquo; for & ldquo; abandonment spirit & rdquo;.



So it's obviously too optimistic to think that the trade war is over now. A temporary truce may be just a half-time break. For textile enterprises, if the tariff increases from 10% to 25%, the impact on enterprises will be greater. Maintaining at 10% gives a little relief to many enterprises.



Conclusion



Trade war is also an opportunity for the textile industry to coexist opportunities and challenges. China's textile industry can use this opportunity to transform domestic demand and tap emerging markets. Textile enterprises can improve product quality and product innovation, and expand sales.



The Sino-US trade war is uncertain and long-term. On the one hand, export textile enterprises should do a good job in market planning, not only need to vigorously encourage independent research and development of new fabrics, but also need to further expand the textile industry chain. It is reasonable to develop “ along the way ” along the emerging markets of the countries along the border, reduce the risk caused by the decline in us orders; on the other hand, the textile enterprises can upgrade the transformation and improve the added value and technology content of the fabric, so that the competitiveness of the fabric will no longer depend on price and quantity alone. In the future, even if the impact of the trade war becomes deeper and deeper, we will not be afraid of challenges by opening up new markets and enhancing our own strength.