Fabric Products,Fabric Information,Fabric Factories,Fabric Suppliers Fabric News Sino-US trade is good again! my country’s tariffs on US$75 billion of imported goods from the United States have been halved. Major crude oil producing countries have once again diverged in their attitudes towards production cuts. European and American stock markets have generally risen, with external agricultural product futures leading the gains.

Sino-US trade is good again! my country’s tariffs on US$75 billion of imported goods from the United States have been halved. Major crude oil producing countries have once again diverged in their attitudes towards production cuts. European and American stock markets have generally risen, with external agricultural product futures leading the gains.



Good news from China-US trade! The Tariff Commission of the State Council decided to halve the additional tariffs on approximately US$75 billion of imported goods originating in the United States. Effective fro…

Good news from China-US trade! The Tariff Commission of the State Council decided to halve the additional tariffs on approximately US$75 billion of imported goods originating in the United States. Effective from 13:01 on February 14, 2020, the additional tax rates stipulated in the “Announcement of the Tariff Commission of the State Council on the Imposition of Additional Tariffs on Certain Imported Goods Originating in the United States (Third Batch)” will be adjusted. The additional tax rates for the 270, 646 tax items listed in the first and second parts of Annex 1 of the announcement were adjusted from 10% to 5%; the additional tax rates for the 64, 737 tax items listed in the third and fourth parts rate, adjusted from 5% to 2.5%.

It is worth mentioning that sources from the Organization of the Petroleum Exporting Countries (OPEC) said on Thursday (February 6) that due to the impact of the epidemic, oil prices continued to fall, and OPEC recommended further production cuts. 600,000 barrels per day. However, Russia has not yet agreed to this proposal, believing that more time is needed to observe the impact of the epidemic.

At 9:30 pm Beijing time on Thursday, the United States released the latest initial unemployment claims data. Data showed that the number of initial claims in the United States for the week ended February 1 was 202,000, lower than expected and the previous value, and a new low in nearly nine months. After the data was released, spot gold fell slightly in the short term to US$1,563.46 per ounce, while futures on the three major U.S. stock indexes continued to rise.

In addition, the United States Department of Agriculture announced on Thursday that the United States exported and sold 707,900 tons of soybeans (new and old crop years combined) in the week ended January 30, in line with market expectations. As of the week of January 30, the U.S. current market annual soybean meal export sales increased by 212,700 tons, and the U.S. current market annual soybean oil export sales increased by 53,000 tons. The U.S. current market annual soybean export sales increased by 53,000 tons. /In 2020, the U.S. cotton export sales upland cotton contract had a net signing of 332,300 bales, a decrease of 4% from last week.

Malaysian palm oil futures continued to lead the gains, with an increase of 1.64%. As of the close, the U.S. S&P 500 index rose 0.33%, the European Stoxx50 index rose 0.70%, the U.S. dollar index rose 0.20%, WTI crude oil fell 0.16%, Brent crude oil fell 0.81%, London copper rose 0.37%, and gold rose 0.67%. U.S. soybeans rose 0.34%, U.S. soybean meal rose 0.56%, U.S. soybean oil fell 0.19%, U.S. sugar rose 0.00%, U.S. cotton rose 0.31%, the CRB index rose 0.55%, and the BDI index rose 0.23%.

my country lowers tariffs on some imported goods from the United States

In order to promote the healthy and stable development of Sino-US economic and trade relations, the Tariff Commission of the State Council issued an announcement on February 6 to adjust the additional tariff measures on approximately US$75 billion of imported goods originating in the United States. Starting from 13:01 on February 14, 2020, the tax rate for goods that have been levied with an additional 10% tariff since September 1, 2019 will be adjusted to 5%; for goods that have been levied with a 5% tariff, the additional tax will be adjusted The rate is adjusted to 2.5%. In addition to the above measures, other tariff measures against the United States and Canada will continue to be implemented as required. The work of excluding goods from tariffs imposed by the United States and Canada continues.

China hopes that both parties can abide by the agreement, work hard to implement the relevant contents of the agreement, enhance market confidence, and promote the development of bilateral economic and trade relations , promote world economic growth.

The announcement of the Customs Tariff Commission of the State Council shows that according to the “Customs Law of the People’s Republic of China”, “Foreign Trade Law of the People’s Republic of China” and ” In accordance with the Import and Export Tariff Regulations of the People’s Republic of China and other laws and regulations and basic principles of international law, the Tariff Commission of the State Council decided to adjust the Tariff Commission of the State Council’s regulations on some imports originating in the United States starting from 13:01 on February 14, 2020. The additional tax rate stipulated in the “Announcement on Additional Tariffs on Commodities (Third Batch)”. The additional tax rates for the 270, 646 tax items listed in the first and second parts of Annex 1 of the announcement were adjusted from 10% to 5%; the additional tax rates for the 64, 737 tax items listed in the third and fourth parts rate, adjusted from 5% to 2.5%.

According to a reporter from Futures Daily, on August 23, 2019, China implemented the third round of tariff countermeasures against the United States. The “Announcement of the Tariff Commission of the State Council on the Imposition of Additional Tariffs on Certain Imported Goods Originating in the United States (Third Batch)” and the “Announcement of the Tariff Commission of the State Council on the Resumption of Tariffs on Certain Imported Goods Originating in the United States (Third Batch)” were issued. Announcement”, 10% and 5% tariffs will be imposed on approximately US$75 billion of US goods in two batches, and 25% and 5% tariffs will be resumed on US cars and parts that had previously suspended tariffs. Among them, the additional tariff measures on US$75 billion of List 1 goods have been implemented on September 1, 2019; the additional tariff measures on US$75 billion of List 2 goods, and the resumption of tariffs on US automobiles and parts The measures were originally scheduled to be implemented on December 15, 2019.

On December 15, 2019, the Tariff Commission of the State Council announced that it would impose additional tariffs on 750 items that were originally scheduled to be levied on that day. The 10% and 5% tariffs will not be imposed on the second list of products worth US$100 million for the time being, and tariffs on US automobiles and parts will continue to be suspended.

“On January 16, 2020, the United States issued an announcement that starting from February 14, 2020, in 2019 Effective from September 1, 2020, 120 billion U.S. dollars of goods will be subject to an additional 15% tariff. The additional tariff will be adjusted from 15% to 7.5%, reducing the proportion by 1/2.” The relevant person in charge of the Tariff Commission Office of the State Council said that in order to ease economic and trade frictions, To expand economic and trade cooperation, we have simultaneously adjusted relevant measures: From February 14, 2020 to 13.Starting from October 1, 2020, the additional tax rate will be reduced from 10% to 5% for goods in List 1 of US$75 billion that have been subject to an additional 10% tariff; for goods that have been subject to an additional 5% tariff, the additional tax rate will be reduced from 5% to 5%. Lowered to 2.5%.

As for the next adjustment plan, the person in charge said that the next adjustment will mainly depend on the development of the Sino-US economic and trade situation. Variety. We hope to work with the United States towards the final cancellation of all additional tariffs.

The person in charge also stated that the work of excluding goods from tariffs imposed on the United States and Canada will continue in accordance with regulations. The previously announced exclusions The measures remain in effect.

Most domestic commodity futures rose

On February 6, domestic commodity futures rose Most commodity futures rose during the day, with the main contracts of rapeseed oil, palm oil and soybean oil rising significantly, with the main contract of palm oil rising by nearly 3%. However, industry insiders believe that palm oil consumption is declining and domestic oil and fat stocks are still abundant, so palm oil is expected to remain weak.

The major crude oil producing countries have different attitudes towards production reduction

Sources from the Organization of the Petroleum Exporting Countries (OPEC) said on Thursday (February 6) that due to the continued decline in oil prices due to the new coronavirus epidemic, OPEC recommended a further production cut of 600,000 barrels during the day. /day. However, Russia has not yet agreed to this proposal, believing that more time is needed to observe the impact of the epidemic.

Sources pointed out that Russia still opposes further expansion of production cuts, although it is not opposed to extending the current production reduction agreement. This attitude is not surprising. Since the oil price crash in 2014, Russia has set its oil price budget at a price lower than the actual price. Therefore, Russia’s ability to withstand a drop in oil prices is much stronger than Saudi Arabia.

As of the close, U.S. WTI crude oil March futures closed up $0.20 on Thursday (February 6), Or 0.4%, quoted at US$50.95/barrel. Brent crude oil futures for April closed down $0.35, or 0.6%, at $54.93 per barrel on Thursday. The development of the epidemic is still threatening the performance of crude oil demand, and major oil-producing countries are divided on expanding production cuts, which puts overall oil prices still under pressure. U.S. WTI crude oil futures prices hit an intraday high of $52.20/barrel, while Brent crude oil futures prices hit an intraday low of $54.25/barrel.

U.S. stocks rose for four consecutive days, and most agricultural products rose in the external market

Beijing time this week At 9:30 pm on Thursday, the United States released the latest initial unemployment claims data. Data showed that the number of initial claims in the United States for the week ended February 1 was 202,000, lower than expected and the previous value, and a new low in nearly nine months. Data suggest a tightening labor market will continue to support the U.S. economy this year. Although jobless claims are trending lower, the labor market is still cooling, which may be confirmed when the Labor Department releases its annual baseline revision to employment data on Friday. After the data was released, spot gold fell slightly in the short term to US$1,563.46 per ounce, while futures on the three major U.S. stock indexes continued to rise.

In addition, the United States Department of Agriculture announced on Thursday that the United States exported and sold 707,900 tons of soybeans (new and old crop years combined) in the week ended January 30, in line with market expectations. As of the week of January 30, the U.S. current market annual soybean meal export sales increased by 212,700 tons, and the U.S. current market annual soybean oil export sales increased by 53,000 tons. The U.S. current market annual soybean export sales increased by 53,000 tons. /In 2020, the U.S. cotton export sales upland cotton contract had a net signing of 332,300 bales, a decrease of 4% from last week.

In the U.S. stock market, the three major U.S. stock index futures hit new closing highs. As of the close, the Dow rose 88.92 points, or 0.30%, to 29379.77 points; the Nasdaq rose 63.47 points, or 0.67%, to 9572.15 points; the S&P 500 rose 11.09 points, or 0.33%, to 3345.78 points.

As for European stock markets, the three major European stock indexes closed higher for four consecutive days. The British “Financial Times” 100 stock average price index closed at 7504.79 points on the 6th, an increase of 22.31 points or 0.30% from the previous trading day. The German DAX index rose 96.49 points, or 0.72%, on the 6th to close at 13574.82 points. The French CAC40 index closed at 6038.18 points on the 6th, an increase of 52.78 points or 0.88% from the previous trading day.

In terms of international gold prices, the April gold futures price, the most actively traded in the New York Mercantile Exchange gold futures market, rose by US$7.2 on the 6th from the previous trading day, closing at US$1,570 per ounce. , an increase of 0.46%.

In terms of international oil prices, as of the close on the 6th, the price of light crude oil futures for March delivery on the New York Mercantile Exchange rose by 0.2 US dollars to close at 50.95 US dollars per barrel, an increase of 0.39 %. The price of London Brent crude oil futures for April delivery fell by 0.35 US dollars to close at 54.93 US dollars per barrel, a decrease of 0.63%.

A-shares surged and the GEM index hit a new high in 3 years

On February 6, the market showed a general increase in volume. The Shanghai Composite Index rose 1.72% to 2866.51 points; the Shenzhen Component Index rose 2.87% to 10601.34 points; the ChiNext Index rose 3.74% to 2012.25 points. The turnover of the Shanghai Stock Exchange was 358.583 billion yuan, and that of the Shenzhen Stock Exchange was 554.856 billion yuan.

So, why is the market so passionate when the epidemic has not yet reached an inflection point? It may be related to two reasons: first, the central bank released huge liquidity in the early stage; second, as the situation eases, the external market has continued to perform well in the near future. Analysts believe that the market may expect that after the epidemic is over, the intensity of inventory replenishment may be released violently.

GF Securities believes that historical experience shows that emergencies will not change the mid-term trajectory of the stock market. From the aspects of logic, valuation, trading, etc., the current bottom of A-shares has appeared; From an industry perspective, the benefit logic of technology growth industries has not changed. On the contrary, the benefits have been enhanced under the hedging of monetary policies. Investors are recommended to seize the opportunity and continue to allocate technology growth sectors, such as new energy vehicles, games, consumer electronics, etc.

The index hit a new high in three years

On February 6, the market showed a general increase in volume. The Shanghai Composite Index rose 1.72% to 2866.51 points; the Shenzhen Component Index rose 2.87% to 10601.34 points; the ChiNext Index rose 3.74% to 2012.25 points. The turnover of the Shanghai Stock Exchange was 358.583 billion yuan, and that of the Shenzhen Stock Exchange was 554.856 billion yuan.

So, why is the market so passionate when the epidemic has not yet reached an inflection point? It may be related to two reasons: first, the central bank released huge liquidity in the early stage; second, as the situation eases, the external market has continued to perform well in the near future. Analysts believe that the market may expect that after the epidemic is over, the intensity of inventory replenishment may be released violently.

GF Securities believes that historical experience shows that emergencies will not change the mid-term trajectory of the stock market. From the aspects of logic, valuation, trading, etc., the current bottom of A-shares has appeared; From an industry perspective, the benefit logic of technology growth industries has not changed. On the contrary, the benefits have been enhanced under the hedging of monetary policies. Investors are recommended to seize the opportunity and continue to allocate technology growth sectors, such as new energy vehicles, games, consumer electronics, etc.

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