On June 28, the US International Trade Commission made an affirmative final ruling on the anti-dumping industry damage of fine-denier polyester staple fiber imported from mainland China, India, South Korea and Taiwan, and found the case of mainland China, India, South Korea and Taiwan. Products pose a substantial damage or damage to the US domestic industry. In the ruling, all four members voted in favor.

According to the affirmative ruling of the US International Trade Commission, the US Department of Commerce will issue anti-dumping taxation orders for products imported from China, India, South Korea, and Taiwan. This case involves the United States under the tariff tariff number 5503.20.0025.

On May 31, 2017, US companies DAK Americas LLC, NanYa Plastics Corporation, America and Auriga Polymers Inc represented US domestic industry applications to the US International Trade Commission and the US Department of Commerce, requiring imports from mainland China, India, South Korea, and Taiwan. Regional and Vietnamese fine-denier polyester staple fibers initiated anti-dumping and countervailing investigations.

On June 21, 2017, the US Department of Commerce launched an anti-dumping investigation on fine-denier polyester staple fibers imported from China, India, South Korea, Taiwan, and Vietnam, and counter-subsidized products imported from China and India. File investigation.

On July 13, 2017, the US Department of Commerce and the US International Trade Commission terminated the anti-dumping investigation against Vietnamese products in violation of the anti-dumping application filed by the US company.

On July 14, 2017, the US International Trade Commission made a preliminary preliminary ruling on anti-dumping industry damage to fine-denier polyester staple fibers imported from mainland China, India, South Korea and Taiwan, and also imported products from mainland China and India. Affirmative preliminary ruling on countervailing industry damage.

On October 31, 2017, the US Department of Commerce issued a notice saying that it would make a countervailing preliminary ruling on fine-denier polyester staple fibers imported from China and India.

On December 19, 2017, the US Department of Commerce announced an anti-dumping preliminary ruling on fine-denier polyester staple fibers imported from mainland China, India, South Korea, and Taiwan.

On January 17, 2018, the US Department of Commerce announced a counter-subsidy final ruling on fine-denier polyester staple fibers imported from China and India.

On May 24, 2018, the US Department of Commerce issued a notice stating the final anti-dumping of fine-denier polyester staple fibers imported from China, India, South Korea and Taiwan.

Sino-US trade war + strong US dollar How does the textile and garment industry move?

With the Sino-US trade war started, China and the United States have made adjustments in import tariffs. What impact will this have on China's textile and apparel industry?

First of all, let's take a look at our domestic situation. China will increase the import tariff on US cotton, and the sales of Xinjiang cotton in the previous year are coming to an end. This will increase the price of yarns with high cotton yarn and high dyeing requirements.

Secondly, let's take a look at the United States. Although there are no textiles in the first tax collection in the United States, it is believed that the increase in tariffs will definitely include textiles. And this will have an impact on China's textile and clothing? We believe that cotton, chemical fiber, conventional knitting, woven garments may be affected. These products have always been low value-added running products. As tariffs increase, orders for these products may turn to Southeast Asian countries, and domestic companies will lose the US market.

For example, men's cotton shirts have a market share of about 14.5% in the US, while Vietnam has accounted for 12%. Woven cotton-based clothing, China's market share in the US last year was 22%, and Bangladesh also reached 20%, and the gap with China continued to narrow. After the increase in tariffs, it is believed that the Vietnamese and Bangladeshi parliaments will quickly surpass us and become the mainstay of the relevant category in the US market. It is roughly estimated that 45% of textiles will be affected by the Sino-US trade war.

In terms of exchange rate, the strong trend of the US dollar may end in the third quarter. The final value of the first quarter GDP released by the United States was disappointing. It shows that the US economy is currently growing at an annual rate of 2.0%, lower than the previous forecast of 2.2%. Coupled with the start of the trade war, the American people, especially the farm practitioners, will see a slowdown in the third quarter as the income declines and consumption increases, thus ending the dollar's strength.

Domestically, in the context of the current globalization of resources, as the RMB joins the SDR, the internationalization of the RMB continues to deepen, and the central bank will intervene in the RMB at an appropriate time, so I personally think that the RMB will return to 6.4 before the end of the year.

In terms of environmental protection, China's environmental protection system has been greatly improved, and laws, regulations, policies, standards, etc. are becoming more and more complete, which makes environmental protection in the future development with rules and laws. Corresponding to the intensity of the introduction of policies in the past, in 2018, large-scale and all-round policy implementation and implementation were ushered in. "Party and government have the same responsibility, one post and two responsibilities" is a major measure in the reform of the environmental protection system. In the future, party and government leaders who have leadership responsibilities among local party committees, governments, and their departments will become the key accountants of environmental supervision. This means that leading cadres will have the first responsibility for the damage to the ecological environment due to mistakes in decision-making and low political positions.

Chairman XI has clearly pointed out: "You can't make a local environment mess, and then pat the butt to leave, the official still does not take any responsibility." In the future, these two policies are undoubtedly the strongest rule to protect the water and soil of one side. So before the environmental protection group came to stop for a few days, the days of going back and forth will never return.

In summary, in the current new situation, the textile and garment industry should speed up the transaction and adjust the market distribution, especially the business proportion of customers in the United States, or the price premium capability, increase independent research and development efforts, and improve products and competitiveness. Respond to new changes in the situation. Of course, while the European and American markets are sluggish, we should also increase our market attention to the “Belt and Road” region. These countries and regions have already enjoyed the benefits of the “Belt and Road Initiative” and have a good impression and demand for Chinese products. I believe that the status of China's largest textile trade country is unparalleled.