What had happened ?
The tariff wars ongoing between two of the world’s largest economic powers have already impacted some of the world’s leading industries, causing people have to pay close attention to trend of trade war. Since May this year, the United States has once again upgraded trade frictions. The tariff war has been an increasing hot topic with reply from the Ministry of Commerce, debate of the female anchor, and also Ren Zhengfei’s talk.
In these turbulent times, unexpected change in policy or international relations can immediately upset the delicate global balance many industries have come to rely on, even people’s livelihood, such as clothing industry. 
The statistic shows that China is the United States’ primary source of apparel imports.
How we will be affected ?
So it is obvious that clothing foreign trade and relevant industries could be impacted if tariffs are extended to apparel. In September , yarn, fabrics and other raw material had been covered in tariff list. If we want to adopt this yarn and fabric that are covered in tariff into the apparel manufacturing , YOTEX APPAREL, as one of China’s garment export chain is the first crash affected. And as exchange rate fluctuations will become the norm in the new era, it will pose challenges to the cost accounting and profit realization of enterprise export orders.
What can we do ?
-
The first is to serve the old customers well. Among the foreign trade customers of YOTEX APPAREL, 70% are old customers and their loyalty is extremely high.
-
In the production process, we must grasp the production progress, and also deal with many aspects such as clothing style, material application, and process treatment. It is worth mentioning that it should also be closely related to the popularity of overseas markets. Master the market dynamics so that we can quickly grab the fashion trends during the season and make new purchases.
-
High cost effective is the primary trump card for Chinese clothing trade. This trump card can not be discarded. It is hopeful to become increasing specialised in the manufacturing of high-end brand items and higher-value goods .
What we expect ？
The clothing export industry is less affected from the tariffs, given the steady stream of exports to US.
China further up the value chain than other countries, creating a competitive advantage on quality on high-end items manufacturing, despite the fact many areas of the textiles industry are engaged in a race to the bottom, in terms of costs.
You may like :
