Expanding domestic demand and turning to the market, textile and garment foreign trade enterprises accelerate transformation and upgrading

Hits:Updated:2019-01-04 14:01:23【Print】

  Since the second half of this year, the export environment has changed. First, on June 15, the United States took the lead in announcing tariffs on US$50 billion worth of goods originating in China. By July 6, the United States officially imposed a 25% tariff on US$34 billion in Chinese products; followed by August 23 From the beginning of the day, the Trump administration imposed a 25% tariff on Chinese goods worth 16 billion US dollars; by September 24, the United States imposed a 10% tariff on Chinese goods worth about 200 billion US dollars, and the tax rate will be from January 2019. Upgraded to 25% on the 1st.

  Textile and garment foreign trade enterprises have accelerated the industry upgrade in this context, and this influence is relatively limited for textile and garment leading enterprises that have achieved global capacity allocation.

  Export textile enterprises are becoming more resistant to risks

  Compared with export-oriented enterprises with domestic production capacity, the leading textile and garment enterprises with global production capacity are relatively less affected by trade friction and have stronger anti-risk ability.

  A foreign trade veteran of Shanghai Textile told the First Financial Reporter that over the years, with the improvement of the export environment and the improvement of the overall level of the industry, the comprehensive resilience has increased a lot. Many enterprises have turned the supply chain to Southeast Asia and Africa. To the extent that such trade risks are circumvented.

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