Escalation of Sino-US trade frictions aggravates the impact on sewing thread industry
Sino-US trade frictions are undoubtedly the most frequent keywords in the field of international news in 2018 and recently.
Although the leaders of China and the United States reached a consensus during the G20 period that the two sides would stop imposing new tariffs on each other and intensify consultations towards the elimination of all tariff increases, the US policy has not stopped its deterrent measures against China and Chinese enterprises.
In May 2019, Trump announced without warning that he would increase import tariffs to 25% on $200 billion of products imported from China.
This makes export-oriented enterprises, which have already declined orders, more chilly.
So-called: kill the enemy 1000, self-harm 800. The reason why the United States should not ignore provoking a trade war is not simply to reduce the trade deficit.
The real intention is to curb China's rise and retard China's development by targeting China's manufacturing 2025 economically, and to form factions politically to start a new Cold War model.
This is a critical moment for China's economic transformation and upgrading. It is undoubtedly a wise decision-making that needs the wisdom of the central leadership.
With the disappearance of the demographic dividend, it has long been a consensus that manufacturing industries are migrating to Southeast Asian countries.
Sino-US trade frictions have intensified the speed and process of outflow. Especially those enterprises that have received orders from the United States have reached the point that they must set up factories abroad.
Among our customers who supply sewing thread, it is obvious that this year's decline in orders and the increasing number of customers who set up factories abroad are being felt.
Guangzhou Liqi Textile Technology Co., Ltd. is based in Guangzhou.
The main battle is the bondi thread line. Provides semi-finished products of Bondi thread, dyeing of Bondi thread and finished products of Bondi thread, and mainly provides various types of sewing threads for manufacturers: Bondi thread, nylon thread, polyester thread and other special sewing threads.
