Because they believe that the U.S. government’s borderless and unrestricted trade war has affected billions of dollars of goods imported from China by U.S. importers, about 3,500 U.S. companies have currently asked the government to repay part of the taxes they have paid. and called on the U.S. government to change its tariff policy.
Reuters reported that these 3,500 U.S. companies include both Car companies such as Tesla, Ford, and Volvo USA, as well as large American retailers such as Target, Home Depot, and Walgreens, as well as technology companies Cisco, and clothing manufacturers Ralph Lauren and Ann Taylor, cover many industries.
These companies stated in the lawsuit materials that the additional tariffs imposed by the U.S. government on Chinese products are illegal, and demanded that the U.S. government refund the duties and taxes paid by the companies and compensate for interest.
According to reports from the US Consumer News and Business Channel, Bloomberg and other media, Tesla has recently submitted a complaint to the New York-based At the U.S. International Trade Court, Tesla not only sued the current U.S. government, but also jointly sued U.S. Trade Representative Lighthizer. Yves, an analyst at Wedbush Securities in the United States, pointed out: Tesla’s move will attract the attention of many American companies and may even trigger more companies to follow suit.
The latest news! The United States announces the postponement of sanctions against the Xinjiang Production and Construction Corps
The U.S. Department of the Treasury announced on Friday (September 25) that it will postpone the human rights sanctions against the Xinjiang Production and Construction Corps (XPCC) for two days. months.
U.S. companies were initially required to stop doing business with the Corps by September 30, but the U.S. Department of Commerce said that with five days left before the deadline, U.S. businesses now have until November 30 to “wind down” operations.
Xinjiang plays a huge role in the world’s cotton and textile supply chains, with the Corps controlling many of the region’s cotton farms and other components of the textile industry, from processing raw cotton to purchasing U.S. Manufacturing of cotton harvesting equipment. Experts say it is impossible to do business with China’s cotton and textile industries without engaging in some way with the XPCC. U.S. human rights groups have accused the Xinjiang Production and Construction Corps of using forced labor in industries including cotton and textiles. The Chinese government denies the accusations and says the XPCC contributes to Xinjiang’s economic development.
This delay will extend the grace period for US companies until after the US election in November. Trade groups are now calling for the grace period to be extended. Earlier this month, the Travel Goods Association (TGA), which lobbies for members of the travel retail industry, wrote to the Treasury Department asking that sanctions against the XPCC be delayed until January 2021. Lobbying disclosures show that the TGA and a number of companies including Nike, Amazon and Coca-Cola have also stepped up lobbying efforts in the US Congress. Because of labor concerns, U.S. lawmakers have pushed for legislation that would effectively ban all imports from Xinjiang.
The US government is “crazy” and its impact on the textile industry cannot be underestimated
The editor believes Against the background that containing China has become a consensus among American political circles and President Trump is willing to take risks in order to win the election, these two so-called “gates” are difficult to form resistance to the “crazy” U.S. government. The probability of success in “breaking through” Big, you should always pay attention to whether there will be follow-up actions. After all, the U.S. government is as “unreliable” as President Twitter. It has happened more than once that it has changed orders overnight and fallen out at the slightest suggestion.
As for the textile industry, we should abandon our illusions. Not only cotton, cotton yarn and cotton textile products, but also most or even all products in Xinjiang, covering a wide range of industries. It is very widespread, and its impact on all walks of life cannot be underestimated. In addition to all-cotton products, textile and clothing exports to the United States also include polyester-cotton, cotton viscose, cotton ammonia and other series of products. If the bill is implemented, the impact on domestic cotton textile, clothing, and foreign trade companies will be “divergent” and large-scale. China Textile and clothing products can only passively “decouple” from the U.S. market; according to statistics from relevant U.S. departments, in the first half of 2020, U.S. clothing imports from China fell by 49% in terms of value, while clothing imports from Vietnam only fell by 11.1%. , and even the price of clothing imported from Cambodia increased by 3.4%, indicating that even if Trump and the US government do not shelve the ban on Xinjiang cotton imports, they will still adopt a series of other relatively “secret” and covert means to prevent Chinese textiles, clothing, etc. from importing to the United States. Exports, thereby achieving the purpose of narrowing the trade deficit, suppressing China’s manufacturing industry, and containing China’s rise. Therefore, even if the U.S. government does not lift the comprehensive import ban on Xinjiang cotton, the unfair competitive environment and unfair treatment encountered by Chinese clothing companies exporting to the United States will become increasingly prominent. The share of Chinese companies and Chinese textile and clothing products in the U.S. market will decline in the short term. It is difficult to reverse, and textile and clothing products from Southeast Asian countries (such as Vietnam, Indonesia and other countries) are gradually replacing Chinese products with the “support” of the US government, and the “reversibility” is not great. </p
