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Weekly Quotes | The United States resumes tariff exemptions, and the textile market welcomes a "strengthening needle"

2022-03-28     来源:羽绒金网     浏览量:334


summary


At present, the domestic epidemic situation is spreading in many places, and at the same time, various regions have also stepped up prevention and control measures and adhered to the action of "dynamic clearing". All of these have a certain impact on the production, transportation and sales of enterprises.

The feather and down trade has also been impacted by the general environment. Uncertain factors have disrupted the normal supply and demand relationship, making both upstream and downstream manufacturers wait and see. It is worth noting that with the improvement of market traffic control and investment sentiment, the price of ducklings has rebounded for several consecutive days.

China's textile and apparel market is based on "three points for domestic demand and seven points for exports", and since the Sino-US trade war started, the speed of end customers placing orders has slowed down significantly. The good news is that the United States has restored 352 tariff exemptions for Chinese imports, which undoubtedly gave the textile market a shot in the arm.


1

Monday:Prices of all categories are flat

Exchange rate of USD to RMB: 6.3677


2

Tuesday:Prices of all categories are flat

Exchange rate of USD to RMB: 6.3664


3

Wednesday: Price rise of gray duck down

Exchange rate of USD to RMB: 6.3558


4

Thursday: Prices of all categories are flat

Exchange rate of USD to RMB: 6.364


5

Friday: Prices of all categories are flat

Exchange rate of USD to RMB: 6.3739




good news


1

The U.S. exempts 352 additional tariffs on China, and some down, feathers and their products are included in the list

On the 23rd local time, the Office of the United States Trade Representative issued a statement announcing the re-exemption of 352 additional tariffs on imports from China, which will apply to imports between October 12, 2021 and December 31, 2022. Goods from China.

In October last year, U.S. Trade Representative Dai Qi announced plans to re-exempt tariffs on 549 items imported from China, and sought public comments on this. However, this time only 352 of the 549 Chinese imports were confirmed.

This waiver is retroactive to October 12, 2021 at 12:01 a.m. EDT, and further extensions may be considered at discretion.

These include 0505.10.0050 Feather, 0505.10.0055 Down and 9404.90.1000 Cotton Pillow Filled with Duck or Goose Down (see table below for details):

税号及产品描述

美国税号: 0505.10.0050

Feathers(Meeting both test standards 4 and 10.1 of Federal Standard 148a promulgated by the General Services Administration)

羽毛(符合总务管理局颁布的联邦标准148a第4和10.1条的试验标准)

美国税号: 0505.10.0055

Down(Meeting both test standards 4 and 10.1 of Federal Standard 148a promulgated by the General Services Administration)

羽绒(符合总务管理局颁布的联邦标准148a第4和10.1条的试验标准)

美国税号: 9404.90.1000
Pillow shells of cotton, each filled with goose or duck down

填充鸭绒或鹅绒的棉质枕头

Among the 549 imported commodities that are not included in the 352 exemption list, there are still 0505.10.0060 goose and duck feathers for stuffing (see the table below for details):

税号及产品描述
美国税号: 0505.10.0060
Feathers of a kind used for stuffing, of ducks or geese, not further worked than cleaned, disinfected or treated for preservation, the foregoing other than feathers meeting both test standards 4 and 10.1 of Federal Standard 148a promulgated by the General Services Administration

填充用鹅鸭羽毛,经清洗、消毒或保存处理,未经进一步加工(符合总务管理局颁布的联邦标准148a第4和10.1条测试标准的羽毛除外)

The goods in the above two tables were excluded from additional tariffs from September 1, 2019 to December 31, 2020, and the 7.5% tariff will be resumed from January 1, 2021.

During the Trump administration, the U.S. government initially approved tariff exemptions on more than 2,200 Chinese goods to ease the burden on certain industries and retailers. Of these, exemptions for most goods expired, but tariff exemptions for 549 items were extended for a year, expiring at the end of 2020.

The spokesperson of the Ministry of Commerce said: In the current situation of rising inflation and challenges to the global economic recovery, we hope that the United States will proceed from the fundamental interests of consumers and producers in China and the United States, cancel all additional tariffs on China as soon as possible, and promote bilateral economic and trade cooperation. The relationship is back on track sooner rather than later.

The link to this USTR announcement and the list of tariff-exempt goods is: https://ustr.gov/sites/default/files/notices/FRN%20for%20Notice%20of%20Reinstatement.pdf



2

Bosideng ushered in the "spring" of export sales

Although the "cold spring" of the new crown pneumonia epidemic is still severe, as a world-renowned brand of down jackets, the Bosideng Group located in Changshu City has ushered in the "spring" of export sales.

In the production workshop at the headquarters of Bosideng Group, sewing machines are running at high speed, and workers are busy in an orderly manner. In the first two months of this year, Bosideng has exported 30.763 million yuan of textiles and clothing, an increase of 11.5% year-on-year.

"Now our garments are mainly exported to North America, EU countries and the United Kingdom. Since March, our export volume has gradually increased. It is expected that a large number of exports will begin in April, and the peak export season will continue until September. "Bosideng Foreign Trade Division Shipping Management Manager Xu Fuming introduced.

Xu Fuming also happily calculated: "We have made reasonable use of the free trade agreement to obtain more benefits. In the first two months of this year alone, we have enjoyed tariff concessions of about US$22,000 by applying for the FTA preferential certificate of origin. Let's wait. Orders exported to Japan are being shipped one after another, and according to the RCEP tariff reduction policy, we will also enjoy at least US$37,000 in tariff concessions.”



3

Export statistics of down and feathers in major provinces and cities from January to February, the export volume in January surged year-on-year

The export volume from January to February, Anhui ranked first in the country, and was the highest in the same period in the province since 2017.

According to China Customs data, Anhui Province exported 3,046.2 tons of down and feathers from January to February, a year-on-year increase of 33.9%; the export value was 252 million yuan, a year-on-year increase of 107.9%.

Anhui Province exported 1620.4 tons of down and feathers in January, with an export value of 155 million yuan; in February, it exported 1425.8 tons of down and feathers, with an export value of 97 million yuan.


From January to February, Zhejiang ranked first in the country.

From January to February, Zhejiang Province exported 2,770.5 tons of down and feathers, a year-on-year increase of 29.6%; the export value was 335 million yuan, a year-on-year increase of 41.8%.

Zhejiang Province exported 1896.6 tons of down and feathers in January, with an export value of 242 million yuan; in February, it exported 873.9 tons of down and feathers, with an export value of 93 million yuan.


Exports from Jiangsu continued to decline.

Jiangsu Province exported 896.5 tons of down and feathers from January to February, down 16.3% from last year; the export value was 136 million yuan, up 78.6% from last year.

Jiangsu Province exported 567.5 tons of down and feathers in January, with an export value of 91 million yuan; in February, 329.0 tons of down and feathers were exported, with an export value of 45 million yuan.


Guangdong Province exported 454.8 tons of down and feathers from January to February, an increase of 72.2% year-on-year; the export value was 36 million yuan, an increase of 18.3% year-on-year.


From January to February, Shanghai exported 219.5 tons of down and feathers, an increase of 3351.4% year-on-year; the export value was 26 million yuan, an increase of 1268.1% year-on-year.


Hunan Province exported 171.5 tons of down and feathers from January to February, a year-on-year decrease of 68.7%; the export value was 83 million yuan, a year-on-year decrease of 66.5%.



bad news


1

Orders for hotel down products have fallen significantly

At present, industries such as hotels and tourism have been significantly affected by the epidemic.

In the past, more than 70% of the orders of Foshan Bariya Down Products Co., Ltd. (hereinafter referred to as "Baliya Down") came from hotels. At present, under the influence of the epidemic, hotel orders have declined significantly, and only about 10% of the production capacity can be met.




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