Impact of the Trump 2.0 era on China's textile and apparel industry
——Cheng Sujing, Lead Analyst of CCFGroup
The report is primarily divided into three sections:
Part One: Background of the Trump 2.0 Era
The Trump 2.0 era continues the "America First" policy, adopting a more hardline stance toward China. The U.S. economy faces challenges such as high inflation and supply chain restructuring, while Sino-U.S. technological competition intensifies.
Part Two: Direct Impact on China's Textile and Apparel Industry
Ms. Cheng pointed out that export-oriented enterprises are grappling with rising costs, shrinking profit margins, and declining orders, prompting some to accelerate overseas expansion. Domestic-focused companies face fiercer competition, necessitating efforts to enhance product value and increase domestic sales proportions.
Part Three: Changes in Supply Chains and Trade Patterns
The global textile and apparel trade landscape is undergoing adjustments. China is diversifying its export markets, expanding into Belt and Road Initiative (BRI) regions, RCEP member countries, Central Asia, and beyond. Meanwhile, the U.S. is shifting its import sources from China to alternative markets such as Vietnam, Bangladesh, and India.
