According to Gao Feng, spokesman for the Chinese Ministry of Commerce, in the first phase of the agreement, the number of tariffs that will be removed in the first phase can be negotiated based on the content. This will help stabilize market expectations and is beneficial to the economies of China and the United States and the world economy.
The news of this may give Boss Bu a A shot in the arm. Especially recently, Mr. Wang, the owner of a textile foreign trade company, complained to the editor, telling the story of a recent foreign trade order that was canceled by a customer.
This order is for nylon polyester peach skin fabrics exported to the United States. Before the production of large quantities of goods, after the customer confirmed the ship sample and head cylinder sample, he requested that the large quantity be produced in full. After all production was completed and before shipment, the customer suddenly canceled the order because the fabric style did not meet the requirements and was not confirmed.
Mr. Wang said: “The cloth style was confirmed by the customer when we sent the ship sample and head cylinder sample. At that time, he said it was acceptable, so he asked me to produce large quantities. In the end, the large quantity was produced. , and said that he did not confirm it, but in fact he just found an excuse to cancel my order. This order itself made 10% profit, but now if the customer does this, it will be a 100% loss. It can only be sold as a spot sale, if you can sell it , you will lose at least 10%! Business is not easy to do these days, and there are many canceled orders!”
Order cancellations happen from time to time
When Mr. Wang talked about his own orders, he also mentioned that his colleagues often encountered cancellations of orders. He said that Mr. Li, another person who makes orders for the United States, also encountered an order for export to the United States not long ago. The bulk goods have been fully produced, but in the end the customer canceled the order for unconfirmed reasons. The goods are still in the warehouse.
Indeed, the phenomenon of order cancellation is becoming more and more common in the editor’s textile circle, which troubles many textile cloth bosses. For companies that make orders, there is a high possibility that the fabrics that have been produced will be “rotten” in the warehouse if the order is canceled. For example, Mr. Wang’s order totaled 18,000 meters, divided into 5 colors, and all of them were unconventional colors. It was really difficult to sell them as spot goods. Even if it was dealt with at a low price, it would be difficult to find a suitable buyer.
The disadvantages of the Sino-US trade war are revealed
Seeing this, many people must think that the reasons for customers to cancel orders are very Far-fetched. Therefore, Mr. Wang specially investigated the real reason for canceling the order. After investigation, Mr. Wang learned that the real reason for the order cancellation was that the clothing traders were unwilling to bear the tariffs for exporting to the United States. In the end, the negotiation failed and the order was cancelled.
After the Sino-US trade war started, the impact was the imposition of additional tariffs. Tariffs have been levied on clothing orders exported to the United States, but many clothing trade middlemen are unwilling to bear these costs, so they have to cancel the orders.
On the surface, the Sino-US trade war has little impact on the textile industry, but as As time goes by, the disadvantages brought about by the Sino-US trade war are gradually emerging. Since the start of Sino-U.S. trade, the ordering speed of end-U.S. customers has begun to slow down, which has affected the order-taking speed of textile bosses. Many foreign trade bosses said that orders have shrunk severely. In addition to the reduction in trade with the United States, textile exports to Southeast Asia, Europe and other markets have also stagnated to varying degrees. After all, the United States has a certain influence on the world. Additionally, order cancellations are increasing due to end-customer uncertainty.
Good news from the foreign trade market
This time in previous years was the peak season for placing foreign trade orders, but now the foreign trade orders have just Some improvement. It is said that there is currently a lot of foreign trade in four-way bombs in the market, but most of them are jacquard four-way bombs. According to an old foreign trade master who has been in the foreign trade industry for more than ten years, the current four-sided elastic foreign orders are mainly used to produce beach pants for next summer. It is more than a month before the Christmas holiday. Foreigners will place orders intensively before then to ensure that next year orders can be delivered on time.
Not only foreign trade, but domestic trade is also not doing well this year. Although the Sino-US trade war has no direct impact on domestic trade, it has an inexplicable relationship. The Sino-US trade war has reduced foreign orders, and the demand for gray fabrics has dropped accordingly. The overall economic downturn has also led to a decrease in domestic orders, and weaving companies have accumulated more inventory. Against this background, the entire textile market is in recession. Influence each other.
After the news that the additional tariffs on Sino-US trade may be cancelled, the recovery of the foreign trade market next year will play a boosting role. If tariffs are lifted, orders exported to the United States may increase, which can play a certain driving role in the market. Orders will not be canceled inexplicably due to tariff issues, which will boost the confidence of Boss Bu.
In addition, judging from the current volume of foreign trade orders, the quantity is gradually increasing and is basically for next year. Domestic trade orders for next year have also begun to be placed, and the market will focus on production next year’s orders. Based on the above two points, we can get a glimpse of the textile market next year may see a bright future, but we still need to continue to pay attention to the Sino-US trade war news and changes in market demand. </p
