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

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 new hearing 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-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 across the board.

In the future, U.S. trade policy will fully serve the principle of “U.S.”. In foreign economic and trade cooperation, it will shift from the cooperative game of “first make the pie bigger together, and then consider how to distribute it” to “first It is a confrontational game to divide the cake based on the interests of one’s own country and not consider how to make it bigger.” As trade continues to slump and it is difficult to expand the cake, this approach will have immediate results in the short term, but it also sets a bad precedent.

If the TPP group leader withdraws from 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 leader has left the group, and the TPP group seems to be disbanding. Some people are happy and some are sad. Japan’s “Asahi Shinhin” said that Trump’s move will completely crush the wishes 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.”

Withdrawing from the TPP and its impact on the U.S. fabric market

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

In fact, the U.S. industrial fabrics industry is an important field that has 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 fabrics 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 fabric raw materials. Its total annual cotton output is more than 20 million bales, ranking first. The United States ranks first in the production of carbon fiber and cotton fiber. The annual output of carbon fiber alone exceeds 10,000 tons, accounting for 33.2% of the total carbon fiber production.

From 2016 to 2020, the fiber consumption of industrial fabrics in the United States (including vehicle, marine, construction, residential, medical and health, and sports and leisure) will exceed that of clothing. Use fabrics. It is estimated that total fiber consumption in the United States will exceed 3 million tons in 2020. By end use, there are clearly categories with an upward trend.�Guilford Mills, most of the company’s business is related to car roofs; Fab Industries in New York State, focusing on selling sporting goods and underwear; Supertex Inc in North Carolina, mainly selling sporting goods and civilian tents.

The proportion of U.S. industrial fabrics in industrial products depends on the application. Taking automotive fabrics as an example, these fabrics account for 90% of the U.S. automotive headliner market. Fabrics are used in everything from needle-punched carpets, side and cabin panels, and seat belt markings, right through to the engine silencer hoods and the pop-up linings and roofs at the rear of convertibles. Over the past 20 years, technical fabrics 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 (TPP) agreement. These 12 countries together account for 40% of the economy, surpassing the EU.

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