The United States officially abolished TPP, bringing major benefits to the textile industry
Xinhua News Agency, Washington, January 23: 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 signs 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 in 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-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.
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 around the world.
In the future, U.S. trade policy will fully serve the principle of “America First.” In foreign economic and trade cooperation, it will shift from the cooperative game of “jointly making the pie bigger first, and then consider how to distribute it” to “putting our own interests first.” Set out to divide the cake without thinking about how to make it bigger” confrontational game. As global 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.
TPP group leader withdraws from the group, will China become the biggest 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 leader 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 world 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 tantamount to handing over the keys to the castle of trade globalization to China.”
The impact of withdrawing from TPP on the US textile market
The United States is the world’s largest textile market, with its annual imports accounting for approximately 20% of the world’s 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 first 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.
Today, the United States has a strong production and supply of textile raw materials. Its total annual cotton output is more than 20 million bales, ranking first in the world. The production of carbon fiber and cotton fiber in the United States ranks first in the world. The annual output of carbon fiber alone exceeds 10,000 tons, accounting for 33.2% of the total global carbon fiber production.
From 2016 to 2020, the fiber consumption of industrial textiles in the United States (including vehicle, ship, construction, residential, medical and health, and sports) will exceed clothing textiles. It is expected that total fiber consumption in the United States will exceed 3 million tons in 2020. According to the end use, the categories showing an obvious upward trend include green building use, environmental protection use and sports use.
Driven by many revitalization policies, the U.S. industrial textile industry has become the most competitive industry in the world armed with high technology, many intellectual property rights, and inventions. Many of its related fields have developed and changed, or spun into another emerging industry, or penetrated and integrated into other industries. Overall, the development of the U.S. industrial textiles industry mainly shows the following trends.
Trends in the U.S. textile industry in the Trump era
1. Global leadership in trending innovative technologies and new fibers
The United States’ innovative capabilities and achievements in the field of textile industry are far stronger and more numerous than those of other countries in the world, including a variety of chemical fiber products that we are familiar with, such as nylon, polyester and optical fiber, etc., and are used to make bulletproof ClothingSexual products. With the development of electronic technology, mass customization has been applied to the variety performance, sample production, shaping and production technology of industrial textiles.
In the U.S. textile industry, mass customization design includes the use of 3D scanning and design company customization, computer-aided design and other production technologies. For example, Nike provides customized services for customers of outdoor sporting goods in terms of size, style, structure, workmanship and color, and Target also provides similar services for customers of medical and vehicle fabrics.
9. Trends in offshoring value chain activities
In order to reduce production costs and gain market advantages around the world, American industrial textile manufacturers have transferred a large number of production equipment and technologies to low-cost foreign regions, taking advantage of the cost differences and market characteristics of different regions to position value chain activities in areas with Countries and regions with comparative advantages.
The number of trade agreements signed between the United States and other countries has had a great impact on the global outsourcing and transfer strategy of the U.S. industrial textiles industry. Its manufacturing enterprises have become part of regional and global production networks, including subcontracting arrangements in different countries and regions. For example, many U.S. textile companies established manufacturing plants in Mexico, began to move manufacturing offshore, and concentrated on product development, marketing, and distribution. In India, American industrial textile companies have established more and more manufacturing projects and market service outlets. Currently, the annual growth rate of India’s nonwovens and technical textiles industry surges by about 13%.
10. Trends in global cooperative supply chain networking
Networking of global cooperative supply chains includes improving the flexibility of production organizations through upstream and downstream connections in the production of products and services. This approach allows U.S. technical textile companies to share risks with suppliers and choose foreign companies with the best product lines and services. Global outsourcing and collaborative supply chain networks have significantly improved manufacturers’ responsiveness to customer needs.
A large number of American industrial 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 around the world 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 functions, 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 U.S. industrial textiles in industrial products depends on the application. Taking automotive textiles as an example, these textiles account for 90% of the U.S. automotive headliner 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 officially signed the Trans-Pacific Partnership in Auckland. Relationship Agreement (TPP) Agreement. These 12 countries together account for 40% of the global economy, surpassing the European Union. The United States officially abolished TPP, bringing major benefits to the textile industry
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