​We have been producing cotton yarn, polyester yarn, viscose spun yarn, TC/CVC/TR and other blended yarns for more than 11 years.

In a move that brings a sense of relief to the global economic stage, China and the United States have jointly announced the extension of their tariff moratorium. This decision, reached after intensive negotiations, aims to maintain a stable trade environment and provide breathing space for both economies.

On August 12, the two countries released the "Joint Statement of the China-US Stockholm Economic and Trade Talks." According to the statement, starting from that day, the United States will continue to suspend the implementation of 24% reciprocal tariffs for another 90 days, while retaining the remaining 10% tariffs. In response, China will also suspend the implementation of 24% of its retaliatory tariffs against the US and relevant non-tariff countermeasures for 90 days, with the remaining 10% tariffs still in place.

The extension of the tariff moratorium comes as a welcome development for businesses on both sides. Many American importers, especially those dealing with consumer goods such as electronics, clothing, and toys, had been anxiously waiting for this decision. The lower tariff rates during this period will help them keep costs down and ensure a stable supply of goods, especially with the approaching holiday shopping season in the US.

In the Chinese market, exporters can now plan their production and sales more smoothly, knowing that the tariff barriers have not been raised. This stability is crucial for industries that rely heavily on the US market, such as the manufacturing and textile sectors.

The decision to extend the tariff moratorium also reflects the willingness of both countries to engage in dialogue and negotiation. It signals a step towards resolving long-standing trade disputes and building a more balanced and sustainable economic relationship.

The international community has also reacted positively to this news. Economists believe that the extension will help ease global trade tensions and promote economic recovery. The stock markets in many countries showed signs of optimism after the announcement, indicating that investors are confident in the positive impact of this move on the global economy.

As the 90-day extension period begins, all eyes will be on the further negotiations between China and the US. The hope is that both sides can build on this momentum and reach a more comprehensive and long-term solution to their trade issues, bringing more stability and prosperity to the world economy.