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▶ Video account attention cross-border navigation Recently, the topic #Pelosi may visit Taiwan on the evening of August 2# has been flooding major social platforms. According to a report by the Global Times citing Taiwan media China Times, Pelosi is expected to arrive at Songshan Airport at 10:30 p.m. on August 2 and check into the Grand Hyatt Taipei. She will meet with Tsai Ing-wen, leader of the Democratic Progressive Party authorities, on the morning of the 3rd and then leave Taiwan. One stone stirs up a thousand waves. Today, related topics such as #Fujian Provincial Military District organizes air defense live-fire shooting in southern Fujian# and #Pelosi's visit to Taiwan is a dangerous provocation# frequently appeared on the hot search. In addition to the topic of the reunification of the motherland, Sino-US relations have also received great attention from cross-border sellers at this moment. Many sellers are very worried about the current situation: "Sellers' assets are all in the FBA warehouse in the United States. Once an extreme situation occurs, it is possible that the United States will freeze all accounts, seize all shipments, and confiscate all funds." “A few days ago, I saw some sellers postpone their confirmed US FBA replenishment plans just to see how the situation develops.” "Everyone is discussing whether to withdraw money from their Amazon accounts as soon as possible." But some sellers are optimistic : "Given the importance of the stability of Sino-US relations to the international community, many netizens speculate that this war will not be fought with real guns and live ammunition, and everything the two sides have done so far is more of a deterrent effect." "China and the United States have been in a conflicting relationship in recent years, but the current visit has brought the conflict from behind the scenes to the forefront. Even if the two sides really clash in the end, the United States will not freeze the accounts of domestic sellers, because after all, the economic exchanges between China and the United States far exceed those between China and Russia , and the United States will not cut off its own retreat." So far, all the news and concerns are speculations , and no one knows whether this series of speculations will really come true. But it is known that Sino-US relations have become increasingly tense in recent years, and a war without gunpowder has already started in trade. The United States has increased customs duties, limiting small packages to non-tax-free
It is learned that as early as 2018, the United States announced a 25% tariff on $50 billion worth of Chinese goods and a 10% tariff on $200 billion worth of Chinese goods. By the beginning of 2021, the average US tariff on Chinese goods was as high as 19.3% . After the implementation of the tariff increase policy, the cost price of goods exported by Chinese cross-border sellers to the United States rose rapidly, and many sellers chose to switch to direct mail parcels to win at low prices and tax exemptions. But in February this year, the American Competitiveness Act of 2022, which was previously promoted by Pelosi and others, was passed by the U.S. House of Representatives with a high vote. Among them, the Import Security and Fairness Act made clear requirements on import taxes. According to the bill, Chinese cross-border e-commerce companies will no longer be eligible for tax exemption for goods imported into the United States with a total value not exceeding US$800. It is learned that so far, the value of a single package of direct mail small parcels such as clothing, toys, 3C digital products, etc. sent from China to the United States is almost all less than US$800. That is, once the bill is officially implemented, it will undoubtedly increase the costs for most Chinese cross-border sellers of direct mail small parcels. So far, the bill has not been approved by the Senate. But in early July this year, CEOs of more than 100 American companies, including Internet giants such as Google's parent company Alphabet, Amazon and Microsoft, issued a joint open letter calling on the US Congress to pass the "American Competitiveness Act of 2022" as soon as possible. With the joint action of more than 100 American companies, the bill will most likely be put back on the agenda, and the bonus period for Chinese cross-border sellers to rely on price advantages to achieve great success on cross-border e-commerce platforms may be gone forever. In addition, China's cross-border logistics industry cannot escape the clutches of US trade sanctions. Many Chinese companies have been sanctioned, and shipping lines may be interrupted It is learned that as early as October 2020, the US government imposed sanctions on six Chinese companies and two corporate executives for cooperating with the Iranian Shipping Company (IRISL). Five of the six companies are shipping companies . After being included in the sanctions list, the assets of the companies' entities and individuals under US jurisdiction will be frozen, and all US companies are prohibited from cooperating with them. On June 28 this year, the US government announced that it would add 36 companies to the trade blacklist on the grounds of suspected support for Russia's military and defense industries. Among them, five companies were from China , namely Hong Kong Shijieda Logistics, Sino Electronics, Jinpai Technology, Veken Electronics, and Conect Electronics Co., Ltd. Among them, Hong Kong Shijieda Logistics Co., Ltd., as the only logistics company sanctioned this time, suffered a huge blow. Due to Executive Order No. 13936 issued by Trump in 2020, Hong Kong Shijieda was not only unable to deliver the goods to the American shipowners as scheduled, but American companies and individuals were also unable to choose Hong Kong Shijieda as a service provider, which means it was included in the so-called "trade blacklist" . In addition, regarding logistics, after the news that Pelosi is about to visit Taiwan came out today, many sellers also said that if the two sides really cannot reconcile, all air, sea and air routes exporting to North America will be interrupted, causing immeasurable consequences. ▲ The picture comes from the seller communication group At the same time, the Xinjiang cotton ban, which has been widely rumored since last year, was finalized in June this year. Strict inspection of Xinjiang cotton, clothing categories affected
It is learned that the Uyghur Forced Labor Prevention Act (UFLPA) of the United States officially came into effect on June 21. According to the bill, the U.S. Customs will have the right to detain any products from Xinjiang and then provide detention notices to the merchants of the detained products. Shortly after the bill was implemented, the U.S. Customs seized some products of the American sports brand Skechers produced in China and shipped to the United States based on the "Uyghur Forced Labor Prevention Act" on the grounds of employing employees from Xinjiang. Relevant reports show that China's textile industry is the largest exporter to the world's leading brands. About 20% of the world's cotton comes from China, of which 89% comes from Xinjiang. Due to the high quality of Xinjiang cotton, many world-renowned brands have signed long-term contracts with local companies. Under the US ban on Xinjiang cotton, the export of the domestic clothing industry is undoubtedly facing huge risks. But I believe that with the increasingly turbulent world economic situation, one day in the future, the US "false sanctions" will eventually be exposed. As for the current situation where Pelosi may visit Taiwan and Sino-US relations are tense, a seller in the industry also said that no matter how the situation develops, it is not a good thing for cross-border and foreign trade. What foreign trade people can do now is to improve products, increase channels, and try not to survive in a single market. ▲ The picture comes from Weibo Under the tide of the times, the world situation is turbulent and unpredictable, and cross-border sellers can only wait and see. Welcome to receive the "Cross-border E-commerce Industry Research Report for the First Half of 2022" to learn about the latest industry status and better seize new opportunities for going overseas in the second half of the year! |
