Recently, during the transition of power from the US President, there are still many actions against China.
1. On December 2, local time, the U.S. Customs and Border Protection (CBP) took action and announced that it had targeted Xinjiang’s cotton production giant, Xinjiang Production and Construction Corps, which accounts for one-third of China’s output. A “ban” was issued to prohibit the import of cotton and cotton fabrics from this company.
2. According to the New York Times website, the Trump administration issued new regulations on Wednesday local time to restrict members of the Chinese Communist Party and their immediate family members from traveling to Beautiful travel. According to two people familiar with the matter, the new policy will limit the maximum validity period of travel visas for members of the Chinese Communist Party and their families to the United States to a single entry per month, effective immediately.
Sino-US relations are tense again, and pressure on textile exports still exists
These two cases are undoubtedly Further exacerbating the friction between the two countries, since the start of the Sino-US trade war, the back-and-forth Sino-US relations have always been a big problem for textile bosses. Especially this year due to the impact of the epidemic, the textile industry has been hit hard. Although the rapid progress of vaccines has doubled the confidence of foreign traders, the constant disputes between China and the United States have always been a deep obstacle to the recovery of foreign trade exports.
From January to July 2020, the United States imported a total of US$46.785 billion in textiles and clothing, a year-on-year decrease of 27.85%. Among them, the total imports from China were US$12.133 billion, a year-on-year decrease of 42.8%, the imports from Vietnam were US$7.408 billion, a year-on-year decrease of 11.13%, and the imports from India were US$3.56 billion, a year-on-year decrease of 27.7%. It can be seen from this that the United States imported textiles and clothing from China. The largest proportion of decline.
A textile foreign trader in the U.S. market revealed: “The U.S. market has become increasingly difficult in the past two years, and there are fewer and fewer orders. Among them, Sino-US friction has a great impact on this aspect. Biden will take office next year, and I don’t know if his China policy will improve.” Many domestic traders who export through foreign trade companies also expressed concerns. , because their end customers are actually European and American countries, and the uncertainty in the relationship between China and the United States has caused many American buyers to transfer orders to Vietnam, India and other countries.
It is still unclear whether Biden will try to reverse Trump’s China policy after taking office, but judging from the current situation, it is unlikely that the two countries will completely cease war in the short term. This gives Textile exports have brought great uncertainty. For this reason, many traders have switched their business from exports to domestic sales. It is foreseeable that domestic textile exports will still face great pressure in the future, but orders must be accepted when they come, but textile bosses need to be vigilant. Try to list possible risks in advance in the contract and try to avoid them.
Under the pressure of external policies, China’s textile exports rose instead of falling
Although this series of actions by the United States has caused certain damage to my country’s textile exports Impact, but it is undeniable that my country’s textile exports are developing well. It can be seen from relevant data that in October 2020, my country’s exports of textile yarns, fabrics and products were US$11.6617 billion; from January to October 2020, my country’s exports of textiles Yarns, fabrics and products amounted to US$129.6118 billion, a year-on-year increase of 31.9%.
And the current polarization of the textile market is very obvious. According to research, most textile companies currently have orders on hand that can be scheduled until the end of the year. There are also some companies with strong strength, unique, novel products, and high added value. Orders are already scheduled for June or July next year. Although there are also some companies that make ordinary fabrics, they are successful because of their large quantities, good services, and sufficient control over the quality and delivery of fabrics.
An integrated industry and trade company that makes tent fabrics said: “We provide fabrics to some tent processing factories at home and abroad. Basically, there are always orders. This year, domestic sales are mainly more, and foreign trade is in September. The number of orders also started to increase in March. Now it is not a problem to order before the year, mainly polyester taffeta and Oxford cloth.”
A company that produces home textile fabrics also said: “Recently, we are developing a A new cupro ammonia fabric is used in bedding. If the customer is satisfied, the order quantity should be large.”
Due to the impact of the epidemic this year, some small and medium-sized enterprises with insufficient strength have completely withdrawn from the textile industry. The market share left by some enterprises is being seized by these powerful enterprises. “Survival of the fittest” and “the strong are stronger” are particularly obvious in this year’s textile industry. Many textile bosses also believe that the double pressure of the epidemic and Sino-US trade friction has inspired them to transform and upgrade, improve their development capabilities, and develop in the direction of high quality and high technology. </p
