Recently, U.S. President Trump threatened to impose a series of taxes on Chinese shoes, clothing, and consumer electronics products, which may pose a threat to some of China's successful manufacturers.

     Yuyuan Industrial and Li & Fung Co., Ltd. are the first to bear the brunt of the two companies exporting nearly US$450 billion worth of Chinese goods to the United States each year.

     But in this trade war, Chinese manufacturers will not be the only victims, and their role as American brand suppliers will likely produce a series of chain reactions.

     Li & Fung Group provides retailers with clothing, toys and other products. Wal-Mart and Macy's are one of their customers, while Yue Yuen Industrial supplies Nike and Under Armour.

     According to Bloomberg data, 25% of Yuyuan’s sales and nearly two-thirds of Li & Fung’s revenue are generated in the U.S. market. According to the American Apparel and Footwear Association, the United States sells 98% of its shoes and 97% of its clothes are imported, most of them from China.

                                             

     “In fact, almost no industry will not be affected. What we are more concerned about is how this will affect the daily expenses of US consumers,” said the Retail Industry Leaders Association in Arlington, Virginia. Hun Quach, vice president of trade, said. "The punitive tariff imposed on any imported product will lead to a substantial increase in the prices of various types of goods such as clothing, electronic products and household goods."

     Some companies that assemble products in China, such as Apple, may also be harmed. Samsonite International SA may also be affected by companies that produce some goods in China.

     In addition, Catherine Lim, a retail analyst at Bloomberg Intelligence, points out that many Chinese manufacturers have shifted production to Southeast Asia in the past three years, which may ease the trade crisis with the United States.


2018年03月09日

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