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Cross Border E-Commerce: The Termination Of The "Small Amount Exemption" Policy By Countries Will Have A Negative Impact On Cotton Consumption

2025/3/3 19:58:00 0

Cotton

Profits were suppressed under US tariffs. Since the end of January, the United States has announced the imposition of 10% tariffs on imports from China, which took effect on February 4; A 25% tariff will be imposed on imports from Canada and Mexico, effective March 4. At the same time, he said that the tariff on Chinese goods would also be increased by 10% on the same day. This means that after Trump takes office, the United States may cumulatively levy tariffs on China to reach 20%.

In addition, the President of the United States announced the imposition of reciprocal tariffs on U.S. trading partners, which is expected to take effect on April 2, and will consider imposing additional tariffs on countries that use the value-added tax system.

The United States has imposed a 10% tariff on Chinese imports. The feedback from cotton related enterprises has certainly had an impact on the export of cotton textiles and cotton clothing to the United States market. The number of orders and profits of export enterprises have been further compressed.

In the short term, the US tariff policy is basically consistent with the market expectation, and its negative impact has been gradually digested by the market. The domestic cotton price is expected to be stronger.

The United States also proposed to cancel the tariff exemption for packages under $800. In the long run, the imposition of tariffs by the United States and the termination of the "small amount exemption" policy by some countries will have a negative impact on China's export market share and cotton consumption.

In addition, the Vietnamese government announced that from February 18, 2025, it would stop the policy of exempting VAT on small commodities imported through express delivery. Previously, imports worth less than 1 million Vietnamese dong (about 289 yuan)


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