On March 23, the U.S. unilaterally declared that the large-scale collection of tariffs on imports from China seems to have opened the curtain for a trade war with China. Recently, major stock indexes, cotton futures contracts, and cotton stocks have continued to fluctuate. On March 26th, Xinjiang spot market standard grade 3128 cotton price was 15,400 yuan/ton, which was down about 200 yuan/ton from the previous week, and the turnover was low.

China is a major exporter of textiles and apparel. In 2017, China’s exports to the United States accounted for 15.5% of total textile and apparel exports. Raising tariffs will inevitably have a negative impact on China's cotton spinning companies. Related companies in the industry chain should pay close attention to changes in the situation and reduce business risks as much as possible. The absence of a winner in the trade war is not conducive to the interests of the two countries, nor is it in compliance. The trend of global economic integration. From a historical point of view, reaching an agreement through negotiation and negotiation will be a high probability event.

Hubei Botao Synthetic Fiber Co., Ltd. mainly produces and sells polyester staple fiber, polypropylene staple fiber, polyester staple fiber, PP staple fiber, polypropylene staple fiber for felt, flame retardant polypropylene staple fiber, colored polypropylene staple fiber, and hot-rolled polypropylene staple fiber. Polyester short fibers such as polyester staple fibers and bicomponent staple fibers.