China and the United States agree to cancel the additional tariff in stages as the agreement progresses < br / >
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At a regular press conference held by the Ministry of Commerce on November 7, the spokesperson Gao Feng said that if China and the United States reach the first stage agreement, they should cancel the tariff increase at the same rate according to the content of the agreement, which is an important condition for reaching the agreement.
The summit stressed that China's position on the tariff issue is consistent and clear, and that trade wars should start from the imposition of tariffs and end with the abolition of tariffs. As for the number of cancellations in the first phase, it can be negotiated according to the contents of the agreement in the first phase. The economic and trade teams of both sides have maintained close communication. We hope that both sides will work together to properly address each other's core concerns on the basis of equality and mutual respect.
Summit said that in the past two weeks, the leaders of both sides have had serious and constructive discussions on properly addressing their respective core concerns. It is agreed that with the progress of the agreement, tariffs will be lifted in stages, which will help stabilize market expectations, benefit the economies of China and the United States, the world economy, producers and consumers.
Sino US trade is greatly affected by tariff
China US trade has been greatly affected by tariffs. Many textile foreign trade enterprises say they dare not take orders from the US market easily this year.
The United Nations Conference on Trade and Development released research data on the impact of tariffs on China US trade on the 5th local time. Data shows that since the United States imposed tariffs on China, bilateral trade has declined significantly and the burden on American consumers has been heavy.
In the first half of this year, China's exports to the United States decreased by 25%, with a decrease value of about 35 billion US dollars, of which office equipment had the biggest impact, and the US imports from China decreased by 15 billion US dollars.
Alessandro nicita, an economist at the International Trade Department of the United Nations Conference on Trade and development, said that 75% of China's exports to the United States remained stable, reflecting the market competitiveness of Chinese enterprises. The average price of export products affected by tariffs fell by 8%, offsetting the impact of some tariffs, while American consumers and importers bear most of the tariff costs.
According to the research data of the United Nations Conference on Trade and development, China's exports to the United States decreased by 35 billion US dollars, while the exports of other countries and regions to the United States increased by 21 billion US dollars. Alessandro nicita believes that most of the reduction in U.S. imports from China is supplemented by other countries and regions, which indicates that the domestic products of the United States can not fully meet the demand, and Trump's reason of giving priority to the United States to launch a trade war is not tenable. The United Nations Conference on Trade and development will continue to pay attention to the trade data between China and the United States. It is hoped that the two major economies of China and the United States can reach a trade agreement, which is conducive to the international trade environment and world economic growth.
This year's foreign trade situation is complex and changeable. Some enterprises' foreign trade orders have been reduced by a third. Especially in the off-season of July and August, there are basically no orders to be made. Even if there are orders, they are all calculated in thousands. According to the analysis of insiders, with the easing of Sino US trade relations, the possibility of foreign trade market recovery is also increasing.
Relations between China and the United States have been significantly eased, and market optimism has driven the textile market to heat up
With the good news of the Sino US trade negotiations, the market is expected to be better and confidence has recovered. From the domestic cotton textile market, the prices of cotton and cotton yarn have recovered. On November 1, the settlement price of cotton main contract increased by 305 yuan / ton compared with the same period last week. Cotton main contract closely followed cotton, and the settlement price on November 1 increased by 325 yuan / ton compared with the same period last week. Spot performance is more conservative, but the price is also rising. The spot price index of 3128b cotton rose 120 yuan / ton this week, the spot price on November 1 Rose 150 yuan / ton compared with the same period last week, and the spot price index of 32 pieces of pure cotton yarn slightly increased 20 yuan / ton compared with the same period last week.
Domestic cotton prices rose continuously, and futures prices rose significantly. Last week (October 28-november 3) data showed that the average spot price of 3128 grade cotton in China was 12842 yuan / ton, 146 yuan / ton higher than the previous week, and the settlement price of main contract of Zhengzhou cotton futures was 12977 yuan / ton, 247 yuan / ton higher than the previous week; internationally, the average price of cotloka index was 75.63 cents / pound, 0.26 cents / pound higher than the previous week, and the settlement price of main contract of New York cotton futures was 64.73 cents/ Pounds, down 0.01 cents / pound from the previous week.
At present, the "gold nine silver ten" expected by the market is over, and it is expected for the weak market companies. Although the trade relations between China and the United States have improved, we still need to pay close attention to how to develop them in the later period. At present, the supply of raw materials is sufficient, the consumption of demand is weak, and the price rise is still difficult.
On the whole, in the future, the price of domestic cotton and cotton textile products will not fluctuate too much, mainly for stability, and the expectation of cotton textile enterprises in production arrangement will be more clear. On the premise of fully preventing future market risks, enterprises should strive to open up the market, stabilize production and ensure smooth operation.
