Clothing Manufacturer_Clothing Factory clothing manufacturers News The United States officially abolished the TPP, bringing major benefits to the textile industry

The United States officially abolished the TPP, bringing major benefits to the textile industry



The United States officially abolished the TPP, bringing major benefits to the textile industry Abstract: U.S. President Trump signed an executive order on the 23rd, officially ann…

The United States officially abolished the TPP, bringing major benefits to the textile industry

Abstract: U.S. President Trump signed an executive order on the 23rd, officially announcing the United States’ withdrawal from the Trans-Pacific Partnership Agreement (TPP). During the campaign, Trump repeatedly criticized the TPP as “destroying” the U.S. manufacturing industry and promised not to sign large-scale regional trade agreements after being elected, but to focus on one-on-one bilateral trade agreement negotiations. He recently stated that the United States will soon renegotiate the North American Free Trade Agreement with Canada and Mexico. The United States officially signed an executive order to withdraw from T

US President Trump signed an executive order on the 23rd, officially announcing that the United States would withdraw from the Trans-Pacific Partnership Agreement (TPP). During the campaign, Trump repeatedly criticized the TPP as “destroying” the U.S. manufacturing industry and promised not to sign large-scale regional trade agreements after being elected, but to focus on one-on-one bilateral trade agreement negotiations. He recently stated that the United States will soon renegotiate the North American Free Trade Agreement with Canada and Mexico. ​

The United States officially signed an executive order to withdraw from the TPP

Why should the United States withdraw from the TPP

When Trump signed the executive order, he said that withdrawing from the TPP would be a “great thing” for American workers.

White House spokesman Spicer said at a regular press conference that day that the signing of this executive order marked a new era for U.S. trade policy. He said that the Trump administration will explore bilateral trade opportunities with U.S. allies and other countries in the future.

During the campaign, Trump repeatedly criticized the TPP as “destroying” the U.S. manufacturing industry and promised not to sign large-scale regional trade agreements after being elected, but to focus on one-to-one bilateral trade. Agreement negotiation. He recently stated that the United States will soon renegotiate the North American Free Trade Agreement with Canada and Mexico.

With the withdrawal from the TPP as a symbol, U.S. trade policy may undergo major changes. In the words of White House spokesman Spicer, U.S. trade policy will enter a “new stage” and Trump intends to build a free and fair trade environment across the board.

In the future, U.S. trade policy will fully serve the principle of “America”. In foreign economic and trade cooperation, it will be a cooperative game of “first make the pie bigger together, and then consider how to distribute it.” Turning to a confrontational game of “dividing the cake based on the interests of one’s own country first, without considering how to make it bigger”. As trade continues to slump and it is difficult to expand the “cake” for a while, this approach has immediate results in the short term, but it also sets a bad precedent.

The TPP group leader quits the group, will China become the big winner?

Trump really “matches his words with his actions.” On the 23rd, Trump signed an executive order officially announcing the United States’ withdrawal from the TPP. This was also the first presidential order signed by Trump. Trump has repeatedly pointed out that the TPP will have an impact on the U.S. manufacturing industry, saying that the TPP is a potential disaster for the United States. He also stated that he would withdraw from the TPP immediately after taking office as President of the United States.

The group owner has left the group, and the TPP group seems to be disbanding. Some people are happy and some are sad. Japan’s “Asahi Shimbun” stated that Trump’s move will completely crush the desire of 12 countries, including Japan, for the TPP agreement to come into effect.

Obama once wrote in the “Washington Post” that the U.S.-led TPP’s implementation of high standards will allow the United States, not China, to lead trade. White House officials have repeatedly warned that if the TPP is not adopted, the United States will “cede” the Asia-Pacific to China, “which is equivalent to handing China the keys to the castle of trade.”

The impact of withdrawing from TPP on the US textile market

The United States is the largest textile market in the world, and its annual import volume accounts for approximately 20% of the total textile and apparel imports. Compared with the huge number of imports, its export volume is much smaller.

In fact, the American industrial textiles industry is an important field that developed along with the sub-industrial revolution. However, the financial crisis at the end of the 20th century and the long-term weak economic situation since the 21st century have slowed the growth of the domestic specialty textile market in the United States. Despite this, the overall performance of the U.S. industrial industry is still remarkable.

<p class="Ms�U.S. industrial textile companies share risks with suppliers and choose foreign companies with good product lines and services. Outsourcing and collaborative supply chain networks have greatly improved manufacturers' responsiveness to customer needs.

A large number of American technical textile companies have established complex outsourcing and marketing networks. This improves the information acquisition and sharing mechanism and reduces uncertainty by reducing the time lag in information transmission between different supplier nodes. For example, in the automotive fabric supply chain, efficient information flow between different suppliers in different locations is considered a key factor in breaking through organizational barriers, reducing decision-making cycles, and reducing the threat of new entrants.

American industrial textiles have wide applications, many varieties, strong functionality, and involve a wide range of knowledge. At the same time, the scale of production and suppliers of industrial textile products is also large, and product supply is concentrated. For example, Guilford Mills in North Carolina, most of the company’s business is related to car roofs; Fab Industries in New York State, focuses on selling sporting goods and underwear; Supertex Inc in North Carolina, mainly sells sporting goods and tents.

The proportion of US industrial textiles in industrial products depends on the application. Taking automotive textiles as an example, these textiles account for 90% of the US car roof market. Textiles are used in everything from needle-punched carpets, side and cabin panels, and seat belt markings, right up to the engine silencer hoods and the pop-up linings and roofs at the rear of convertibles. Over the past 20 years, technical textiles have been recognized as an indispensable accessory for automotive interior decoration.

What is TPP

According to relevant information, on February 4, 2016, 12 countries including the United States, Japan, Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam The Trans-Pacific Partnership (TPP) agreement was officially signed in Auckland. These 12 countries together account for 40% of the economy, surpassing the EU.

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The United States officially abolished the TPP, bringing major benefits to the textile industry


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