The sweater war that started last year was in full swing until the end of the year, and finally saw a turning point at the beginning of this year. After a meeting, the two sides decided to stop the escalation of the sweater war and stepped up consultations to cancel the various punitive measures imposed after the start of the sweater war. So we had a ceasefire period from January to April this year, but on the issue of canceling the lockout, it is clear that the United States and we have not been able to reach a consensus, and the negotiations have been going on from January to now. The longer the negotiations drag on, the more likely it is that there will be a reversal. In the end, what we were worried about happened, and the sweater war is about to reignite! Just after the 10th round of consultations in the sweater war ended, the US President suddenly announced on Twitter yesterday that the previously implemented 10% punitive shutdown would be increased to 25% on Friday (May 10). I combined these two tweets and translated them for you Over the past 10 months, our tax-cutting policy (25% tax on 50 billion high-tech products and 10% tax on the other 200 billion products) has made China pay a lot of tax . These tax fees are part of the reason for our current great economic achievements. This Friday, the tax rate for these products that were charged 10% will be increased to 25 %. In addition, there are 325 billion US dollars worth of Chinese goods sent to the United States that are still not levied . We will impose a 25% levy on all of these goods as soon as possible. These punitive levies sent to the United States will not increase the cost of the products, and most of them will be paid by China. The sweater war negotiations with China are still ongoing, but the progress is too slow, and they want to restart the negotiations. No! To sum it up briefly, Trump is angry about the slow progress of the negotiations and wants to cancel the current suspension agreement of the trade war. He also wants to escalate the trade war further, increase the punitive tariff on 200 billion products from 10% to 25%, and impose tariffs on more Chinese products. We all know that Trump likes to make harsh remarks on Twitter. Is this an attempt to put pressure on the Chinese negotiating team and try to get us to make concessions to the United States at the negotiating table? The next round of negotiations on the sweater war was scheduled for May 8 , two days before Trump's deadline. Threatening at this time is definitely putting pressure on our negotiators. But this pressure is not groundless, and the United States is indeed prepared to implement the above-mentioned additional punishment measures , as can be seen from Trump 's tweet. "These punitive tariffs imposed on the United States will not increase the cost of products, and most of them will be paid by China. It's this sentence. I think the seller must be confused when he first saw this sentence. Why doesn't the cost of my product increase even though you've raised so much? In fact, this sentence is meant for American consumers . Although I will increase my attention to Chinese products in the future, your purchase costs will not increase, and most of the costs will be borne by China (sellers). It is already trying to appease American consumers, which shows that this policy is not just a show of strength, but is already prepared to be implemented in the future. According to data from the Office of the United States Trade Representative, the total value of goods imported by the United States from China in 2018 was 539.5 billion US dollars . Trump claimed that he would join the punitive shutdown this time. The total value of products has reached 530 billion US dollars , and almost all goods exported to the United States are slated to be sold. This news directly led to another drop in the RMB exchange rate and the stock market. The depreciation of the RMB and the high punitive tariffs have made the foreign trade situation even more severe. Now all foreign trade sellers have focused their attention on the negotiation team , and their next work will directly determine the overall environment of the foreign trade industry this year. However, the rise in the US dollar exchange rate and the closed mode of cross-border e-commerce give us Amazon sellers more advantages in the sweater war than traditional wool trade. The sudden situation of the sweater war is a huge challenge for traditional foreign traders and factory sellers, but it is also a great opportunity for you to try to transform on Amazon. In order to help factory sellers and traditional foreign trade people transform, we have prepared a public welfare offline sharing and exchange meeting for everyone on May 19th, the location is on the West Lake in Hangzhou Students who want to attend our Hangzhou sharing session can just scan the QR code and contact me to sign up . If the above picture cannot be scanned, you can scan the one below~ PS. If you want to join the seller discussion group, you can also private message me to let me add you to the group Source: Cross-border Business School For the highlights of the past, please click the link below to review Have you been fooled by Amazon’s weird reasons for removing products from shelves? The shipment was rejected?! Something went wrong with FBA! If you don’t participate, your store will be closed!? Amazon’s new plan is released Click to like and share your experience▼ |
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