Wuhan Jinteng Manufacturing&Trading Co.,Ltd

In July 9th, the offshore RMB exchange rate rose to more than 100 points against the US dollar. Meanwhile, the offshore RMB exchange rate rose nearly 200 points and was around 6.64. As of 9:35, the offshore and offshore RMB exchange rates were 6.6347, 6.6420 respectively.

The Dragon Boat Festival (Duanwu Festival, Duānwǔ Jié, Double Fifth, Tuen Ng Jit) is a traditional holiday that commemorates the life and death of the famous Chinese scholar Qu Yuan (Chu Yuan).

It is reported that the US White House issued a statement on 29 days that the US side will publish a list of China’s major industrial and technical products of US $50 billion by June 15th and will impose a 25% tariff on it.

In a statement issued in May 29th (2018), the White House stated that the final list of China’s “301 tariff” will be published before the middle of this year, and the United States will announce the investment and export controls and restrictions on Chinese individuals and entities by the end of June, with the aim of important scientific and technological industries.

In May 17th, the United States Trade Representative Office (USTR) held a hearing on China’s 301 tariff in Washington, D.C., and the president and CEOAuggieTantillo of the National Textile Association (NCTO) of the United States attended the hearing and testified.

In the first quarter of this year, China’s exports to the United States accounted for 16.7% of the total textile and clothing exports, up 5.7% over the same period last year.