CHINA: Scraps Textile Export Tariffs
China says it will remove export tariffs on 81 categories of textiles that were introduced at the start of 2005 and will also cancel tariff increases on 74 products planned to start Wednesday, according to the Chinese Ministry of Finance.
The unexplained announcement is a turnaround from China's pledge to push up tariffs on 74 products from 1 June onwards.
China imposed duties on a range of textile goods on 1 January in an attempt to prevent the US and the EU from introducing protectionist measures to stop a surge in cheap exports after global trade quotas ended at the start of 2005.
However, the US has already imposed a set of quotas on a range of textile categories, while the EU is still in negotiations with China over the situation.
China says it is still seeking a solid conclusion to trade feuds with the US and the EU, and believes that restrictive action so far taken by the two parties is unwarranted.
Help test our new apparel sourcing tool.
- China leads US apparel sources with falling prices
- Vietnam grows share of US apparel imports in 2016
- US apparel sector braces for potential cost hikes
- Trade Tracker – Trump's first weeks, Brexit agenda
- Key trade issues facing US textiles and apparel
- Bangladesh "high threat" for terrorist activity
- VF Corp sees Q4 and FY earnings tumble
- Sales at US clothing retailers jumped in January
- Ralph Lauren new execs to support Way Forward Plan
- Adidas and Burberry recognised for sustainability
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective
- Technical textile markets: product developments and innovations, December 2016
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global market review of lingerie – forecasts to 2022