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On August 24, the United States announced that it would raise the tariff rate on about $550 billion billion of Chinese goods exported to the United States, which China firmly opposes.Such unilateral and bullying trade protectionism and extreme pressure acts violate the consensus of the heads of state of China and the United States, violate the principles of mutual respect, equality and mutual benefit, and seriously undermine the multilateral trading system and the normal international trade order.

China strongly urges the US side not to misjudge the situation, not to underestimate the determination of the Chinese people, and immediately stop its wrong practices, otherwise all consequences will be borne by the US side.

News broadcast "5 combo":Pressure on tariffs to the end

On the evening of August 24, CCTV News broadcast 5 consecutive issues to expose the US side's attempt to continue to play sideways. At the same time, it indicated that China would never give in on major issues of principle and resolutely accompany the pressure on tariffs to the end. The US side should not make any misjudgment on this!

1. People's Daily Bell article:China's firm counter-position will never waver.

According to the news broadcast, the People's Daily, published on August 25, will publish a bell article entitled "China's firm counteraction position will never waver."

The article said that on August 23, local time, the United States claimed that it would impose a tariff rate on about US $550 billion of Chinese goods exported to the United States.The world laments that some people in the United States continue to violate the consensus of the heads of state of China and the United States, violate the principles of mutual respect, equality and mutual benefit, and do not fear the anomie of the behavior of the world's largest economy, which will bring destructive consequences to the international order and the world economy.

The article pointed out that in response to the unilateral and escalating economic and trade frictions with China provoked by the United States, China made a rational and restrained counter-decision. This is a forced action and is completely different from the nature of the US provocation.China has the confidence to follow its own path and do its own affairs well, and will never waver in countering any provocations by the United States.

2. International Review of "Resolutely Counter Irrational Pressure with Rational Countermeasure"

The sharp review pointed out that in response to the US announcement that it would impose a 10% tariff on US $300 billion Chinese exports to the United States, China had to introduce specific countermeasures on the 23rd.In this regard, some people on the United States threatened to escalate tariffs and retaliate. This irrational statement shows that it was caught off guard against China's resolute countermeasures and attempted to exert extreme pressure on China by continuing to play sideways.

Some people on the U.S. side wield tariff sticks at every turn and willfully implement trade bullying, but do not allow trading partners to reasonably and legally safeguard their own interests in accordance with international rules. I can put pressure on you alive, but you cannot counter me. Such logic is absurd and extremely overbearing!

China will never develop itself at the expense of the interests of other countries, but it will never give up its legitimate rights and interests.Any extreme pressure is useless to China. China's countermeasures are accurate and rational, taking both internal and external measures into consideration, so as to minimize the impact of countermeasures on domestic people and enterprises.

The sharp commentary said that no matter what actions some people on the US side take next, China will respond resolutely and rationally.China is willing to adopt a cooperative approach to resolve differences, but it will never make concessions on major issues of principle, and will resolutely accompany the pressure on tariffs to the end. The United States should not make any misjudgments on this!

3, Xinhua News Agency comments:Economic resilience is the greatest strength of China's resolute countermeasures.

The article pointed out that in the face of China's latest trade countermeasures, the United States announced that it would increase the tariff rate on about US $550 billion billion of Chinese goods exported to the United States.This kind of naked trade protectionism and extreme pressure act violates the consensus of the heads of state of China and the United States and further exposes the true face of American trade bullying. China firmly opposes this.

The economic and trade frictions between China and the United States for more than a year have made us more convinced that the strong resilience and great potential of China's economy is the greatest strength for us to resolutely counteract, and it is also our confidence to move forward without fear of wind and rain.After 70 years of glorious years, time has proved that the long-term development trend of China's economy will not change. China will unswervingly do its own affairs well, and no force can stop China's development.

4, Guangming Daily published a signed article "China's backbone, China's confidence, China's ambition:The source of determination and belief in dealing with Sino-US economic and trade frictions

Guangming Daily published a signed article entitled "Guan Mingwen" on August 24, entitled "Chinese backbone, Chinese confidence, Chinese ambition:The source of determination and belief in dealing with Sino-US economic and trade frictions.

The article points out that in the face of the recent escalation of economic and trade frictions between some people in the United States and China, China's answer is firm and powerful:Without the present that dares to fight and is good at fighting, how can there be a future of equal dignity and independent development?Any extreme pressure "presses" not panic and submission, but the Chinese nation's indomitable backbone, fearless confidence, and ambition to attack with all its might.

China has backbone.In the 70 years since the founding of New China, it has seen various international storms and crossed countless desperate development situations.The bullying of the United States can only make us climb high and look far ahead;China has the strength.In the face of the test, China's economy has shown strong resilience, sufficient potential and sufficient room for maneuver;China is ambitious.In the face of extreme pressure, China's calm, firm and rational countermeasures are not only the need to safeguard the fundamental interests of the country, but also related to safeguarding fair and just international economic and trade rules and global governance order.

No one can stop the Chinese people's yearning for a better life.As long as we strengthen the inherent backbone, confidence and ambition of the Chinese nation, we will surely win the final victory of justice and justice in this contest of will, and win a better future.

5. Experts believe that the countermeasures we have issued this time are both internal and external, well-considered, and are precise countermeasures implemented with rational restraint.

First of all, the countermeasures continue the strategy of precision strike in the past, and fully consider the effect of countermeasures.Judging from the specific content of the list, not only agricultural products such as soybeans, corn, and cotton, but also crude oil for the first time, plus the resumption of taxation on automobiles and parts.After the announcement of countermeasures on August 23, U.S. stocks fell in response.

In addition, the countermeasures announced by our country this time also fully take into account the issue of substitutability after the imposition of tariffs.

At the same time, the countermeasures did not include drugs, medical devices and other products in the tariff list.It reduces the impact on the lives of our people and enterprises, reflecting the precise, powerful and well-considered countermeasures.

Experts believe that because the United States plans to impose tariffs on Chinese goods this time, there are few alternatives, which means that the majority of American producers and consumers will pay for the new tariffs.

China's third round of countermeasures against the U.S. yesterday, U.S. stocks plunged.

As we all know, some people in the United States do not hesitate to sacrifice the interests of the American people, do not hesitate to destroy the international image of the United States, repeatedly violate the consensus of the heads of state of China and the United States, and wield tariff sticks without reason and without restraint. Since May this year, Sino-US economic and trade frictions have suddenly escalated.

since 10 may, the us side has raised the tariff rate imposed on the us $200 billion list of goods imported from china from 10 percent to 25 percent;Since then, it has announced that a 10% tariff will be imposed on about 300 billion US dollars of goods imported from China, which will be implemented in two batches from September 1 and December 15 this year.

On the evening of August 23, the Tariff Commission of the State Council issued two announcements. One is to decide to impose additional tariffs on about US $75 billion of imported goods originating in the United States, and the other is to decide to resume additional tariffs on automobiles and parts originating in the United States.

According to People's Daily, Gao Lingyun, a researcher at the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, my country has issued two counter-control lists this time. The list corresponds to the list that the United States intends to take effect on September 1. The main products include soybeans, Chinese medicinal materials and crude oil added for the first time, including four parts, of which the first and second parts are subject to 10% tariffs, and the third and fourth parts are subject to 5% tariffs.

List 2 corresponds to the list that the United States intends to take effect on December 15, mainly including cotton, aquatic products, auto parts, etc.The two lists total about $75 billion.

Gao Lingyun analyzed that for the goods that the United States imposed tax increases on us on September 1 and December 15, for American consumers, the demand elasticity is much lower than that of the previous two rounds of tax increases."In other words, after the United States imposes tariffs on these goods in China, most of the tariff burden is borne by American producers and consumers, because they can find very few substitutes, and the impact on Chinese enterprises is very limited.”

According to the U.S. Customs Code, all tariffs are paid by importing companies. Of course, these companies will find ways to gradually transmit the tax burden they bear downstream and to consumers, thereby pushing up the level of production prices and consumer prices in the United States."Examples of this are already everywhere.

For example, the current U.S. ten-year bond and two-year bond yields are upside down, RV sales are declining, the manufacturing PMI is already below the boom and bust line, and so on, all confirm that the U.S. side's unreasonable crackdown on China and our countermeasures have had a very negative impact on the U.S. side.Generally speaking, it is the actions of some people in the United States that are detrimental to others and detrimental to themselves."said Gao Lingyun.

Affected by factors such as Sino-US economic and trade frictions, all three major U.S. stock indexes fell sharply on Friday.The Dow fell 2.37 percent to 25630.05, the S & P 500 fell 2.59 percent to 2847.25, and the Nasdaq fell 3 percent to 7751.77.

There is only less than a week left before the traditional "Golden Nine". At this time, the Sino-US trade friction escalates again. Does it affect the peak season?

Small make up think the impact is not big.

01

PTA "does not follow the trend", the market still has support



After the announcement, the overall response of the domestic futures market to the announcement was flat. As of the close of the night on the 23rd, the PTA main 2001 contract closed at 5116 yuan/ton, which was a slight increase of 4 yuan/ton compared with the settlement price of the previous trading day., An increase of 0.08.

This is obviously different from PTA's consistent style. Generally speaking, PTA is very affected by the news. This time the Sino-US trade friction escalated again, PTA did not take the "ordinary path", nor was it expected to "fall below 5000 points", which shows that its falling space is limited! On the other hand, the "big guys" do not want PTA to fall to the bottom, especially its profit, which is currently at 389 yuan/ton, which is already unquestionable compared with 1787 yuan/ton in July.

02

Polyester filament is expected to stop falling and stabilize



The price of PTA can directly affect the price of polyester filament.

Since the beginning of this year, the raw material side can be described as "mourning everywhere". The price of polyester filament has reached its position during the year, especially polyester POY150D, which is currently priced at 7760 yuan/ton, down 31.3 percent from the same period last year. At the same time, polyester DTY, polyester FDY also have different degrees of decline.

If this decline is estimated, the falling space of polyester filament is also limited. In addition, the general environment is tight but PTA has an upward trend, which has certain support for the price of polyester filament.

03

Trading sentiment has eased and regular month-end replenishment is imminent.



Recently, the startup rate of looms in Shengze area has gradually increased. According to the sample enterprises monitored by China Silk Capital Network, the startup rate of looms in Shengze area is currently around 80%, and the stock of gray cloth has dropped to about 41 days. It can be seen that the market is slowly moving.

At the same time, the market situation has eased in recent years, with some dyeing factories experiencing warehouse explosion and some dyeing factories in Zhejiang region experiencing an increase in dyeing fees. Generally speaking, only when the market situation improves can dyeing factories have the confidence to raise prices. The fabric market also has the phenomenon of local heat, especially the elastic fabric transaction is obviously enlarged, and the hot-selling products are mainly T400 and T800.

Now it is approaching the end of the month, and all weaving manufacturers will make up their positions. At present, the starting rate of looms has rebounded, and the market situation is showing signs of improvement. The purchase of raw materials will be greater than that in the off-season. In its current form, a single message may not have much impact on weaving manufacturers.

04

Sino-US trade procrastination, psychological level has been used



After the announcement, the international market reaction is more obvious, while the domestic market reaction is relatively flat, it can be seen that the majority of investors and capital markets on the Sino US issues of concern enthusiasm weakened, even if its impact is long-term.

Sino-US trade has been going on for more than a year, and the impact on textile enterprises is actually more psychological than the actual situation. For them, they are used to it. No matter whether the enterprise is in foreign trade export or raw material purchase, it already has its own set of countermeasures.

This year's textile market has been described as the "worst year" because of the main cause of overcapacity. The repeated trade between China and the United States has undoubtedly made things worse. Those who can't survive have closed down. Those who can stay until now are psychologically prepared and ready to "fight.

To sum up, the editor believes that the re-upgrading of Sino-US trade has little impact on the traditional peak season of the textile industry. After more than half a year of silence, the market is now slowly moving. It can be seen that terminal demand has increased. Sino-US trade is only a small part of the market and cannot be generalized. (Partial sources: Xinhua News Agency, Chemical Fiber Headline, China Silk Capital Network, Global Textile Network Comprehensive Arrangement)