On Wednesday, July 11, Beijing time (Tuesday, July 10, Washington time), the Office of the United States Trade Representative (USTR) announced its plans to impose an additional 10 tariffs on Chinese products with a total of 6,031 customs tariff numbers worth US$200 billion. % ad valorem tariff list.
According to relevant procedures, the tax increase list will not take effect immediately. Its effectiveness needs to go through relevant review procedures and a public hearing planned to be held from August 20 to 23. The preliminary plan is to complete the review and review after August 30. Hearing process.
The products covered by this tax increase list have increased significantly from the 818 categories on the first batch of tax increase lists for Chinese imported goods announced by the United States on July 6 to 6,031 categories; at the same time, the amount of covered products has also increased from The US$34 billion in a batch of tax increases was increased to US$200 billion, accounting for more than half of China’s exports to the United States in 2017. If such a huge list of tax increases is finally implemented, it will definitely have a major impact on China’s export trade to the United States!
As an important part of China’s export trade to the United States, textiles and clothing were not included in the first batch of tax increases announced by the U.S. government on July 6. However, today’s release of the list, due to the wide scope (6031 categories) and large amount (200 billion U.S. dollars), textiles and clothing cannot be “isolated”. There are currently more than 10 major categories with a total of more than 1,000 tax numbers. Textiles and clothing products are among them, involving most textile raw materials, semi-finished products and a small amount of clothing accessories, mainly including textile raw materials (cotton, silk, wool, linen, etc.); yarns and fabrics (cotton, wool, silk, linen, etc.) Chemical fiber, glass fiber and other products); carpets; industrial textiles; leather and fur clothing, hats and gloves, plastic raincoats, etc. Commodities such as woven clothing, knitted clothing and home textile products with large export volumes from China to the United States are not included in the list.
The following are summary statistics of the textile and apparel products in this list. (Detailed list analysis will be released later).
In order to facilitate the majority of practitioners in the textile and apparel industry to directly obtain first-hand correct information from overseas as soon as possible, starting from today, Textile Network will continue to feature reports on “Sino-US Trade Friction Textiles and Apparel Special Topic”, Continuously track, report, and analyze the composition of the list of textile and apparel products in the tax increase list, as well as the future direction of the list and its possible impact on China’s textile and apparel industry. 【Textile Net Special Article】
