US $200 billion tariffs on Chinese goods exported to the United States were increased to 25%, and US $4 billion textiles and clothing were affected!

Release time:

2019-05-16

On May 5th, the 125th China Import and Export Fair (hereinafter referred to as the "Canton Fair") closed in Guangzhou. When people in the textile and apparel industry are taking stock and studying the future of foreign trade, Sino-US economic and trade turmoil is again!

From May 9 to 10, the 11th round of Sino-US economic and trade consultations is being held in the United States. On May 10, however, the U.S. raised tariffs on $200 billion of Chinese goods to the U.S. from 10 percent to 25 percent.

At 12:03 on May 10, Beijing time, a spokesperson for the Ministry of Commerce made a statement on the formal implementation of the US tariff increase, saying: The US has raised the tariff on US $200 billion of Chinese goods exported to the US from 10% to 25%. China deeply regrets this and will have to take necessary countermeasures. The eleventh round of high-level Sino-US economic and trade consultations is underway. It is hoped that the United States and China will meet each other and work together to resolve existing problems through cooperation and consultation.

In January-April 2019, China's textile and clothing exports fell by 3.69

Return to List

Xu Yingxin, Vice President of China Textile Federation, led a working group to visit Cambodia, Laos and Myanmar.

More information