On March 23, local time in the United States, the Office of the United States Trade Representative (USTR) issued a statement announcing the re-exemption of tariffs on 352 items imported from China. It contains some furniture and bedding products. The new regulations will apply to goods imported from China between October 12, 2021 and December 31, 2022. It is reported that since July 2018, the U.S. government has imposed tariffs on goods imported from China under Section 301 of the Trade Act of 1974. However, on October 8, 2021, the Office of the United States Trade Representative announced that it intends to re-exempt tariffs on 549 Chinese imports and is seeking public comment on this. Foreign media analysis, because the United States has been facing high inflation pressure recently, the tariff burden has exacerbated the product supply crisis, and the US government has been under pressure from companies and lawmakers of various parties to reduce the tariff burden, so the US government has accelerated several exemptions. Tariff legislation process. After a lapse of five months, the Office of the US Trade Representative officially announced on the 23rd of this month that it confirmed the confirmation of 352 of the 549 items of Chinese imports previously planned to be exempted from tariffs. According to the Federal Register notice, a list of 352 items exempted from tariffs on imports from China, in part covering furniture and bedding items. The following are the details of some furniture and bedding products exempted from import duties: (1) Upholstered seats with wooden frames (other than those made of rattan, wicker, bamboo or similar materials); (2) Stackable upholstered metal chairs for religious places of worship; (3) Unassembled upholstered chairs with metal frames and unassembled unupholstered chairs (other than residential chairs), the shell of which is plastic or wood for the seat and back; (4) Parts of the child safety seat; (5) Semi-finished parts of plywood chairs, including armrests, body and legs; (6) Residential furniture of metal and high-pressure bamboo laminates (excluding children's furniture or children's bed frames, ironing boards); (7) A foldable table with a steel or aluminum frame, with a table top made of aluminum; (8) Bench frame of cast aluminum; (9) Components made of metal and rubber for folding chair bases; (10) Metal chair frames, each with an integrated bookshelf, stackable; (11) Plastic showerheads of fixed, hand-held, height-adjustable, or combinations thereof, and components of such showerheads; (12) Crib liner; (13) Knitted polyester fabric dust cover specially designed for mattresses and pillows; (14) Cotton pillowcase; (15) Fabric shade on metal frame. It is not difficult to see that in terms of furniture materials, most of the furniture products exempted from tariffs are mainly made of metal, steel and aluminum, and a few are wooden furniture. This also shows that U.S. importers and retailers are deeply bound t...

On March 16, U.S. time, the U.S. Department of Commerce released the latest monthly retail trade report. According to the report, sales of furniture and household goods totaled $12.32 billion in February, down 1.0% month-on-month from $12.441 billion in the previous month and up 7.4% year-on-year from $11.471 billion in February 2021. Overall, in the first two months of 2022, overall furniture consumer demand has slowed down. Conversely, over the past month, building materials and gardening equipment and supplies dealers recorded sales of $43.615 billion, up 0.9% from $43.217 billion in January 2022 and from $37.984 billion in February 2021 The U.S. dollar rose 14.8% year over year.

The General Administration of Customs of China released the import and export situation for January-February 2022 on March 7 (in RMB). down 0.2% According to customs statistics, from January to February this year, the cumulative export value of Chinese furniture and its parts was 71.53 billion yuan, a year-on-year decrease of 0.2%. In terms of lighting, the cumulative export value of lamps, lighting devices and their parts from January to February was 46.76 billion yuan, a year-on-year decrease of 8.2%. In terms of ceramics, the cumulative export value of ceramic products from January to February was 29.07 billion yuan, a year-on-year increase of 9%. In terms of textiles, the cumulative export value of textile yarns, fabrics and their products from January to February was 157.7 billion yuan, a year-on-year increase of 9.3%. The total value of exports increased by 13.6% year-on-year In general, according to customs statistics, in the first two months of this year, China's total import and export value was 6.2 trillion yuan, a year-on-year increase of 13.3%. Among them, the total value of exports was 3.47 trillion yuan, a year-on-year increase of 13.6%; the total import value was 2.73 trillion yuan, a year-on-year increase of 12.9%; the trade surplus was 738.8 billion yuan, a year-on-year increase of 16.3%. In addition, in the first two months of this year, the EU once again surpassed ASEAN to become China's primary trading partner. The total value of trade between China and the EU was 0.87 trillion yuan, an increase of 12.4%, accounting for 14.1% of China's total foreign trade value; during the same period, the total value of trade between China and ASEAN, the United States, and Japan was 0.87 trillion yuan, 0.79 trillion yuan, and 0.37 trillion yuan respectively. 100 million yuan, an increase of 10.5%, 9.7% and 4.9% respectively. Export growth slows down, foreign trade situation is grim The impact of shipping capacity and rising freight costs, the rising prices of bulk commodities and raw materials, the appreciation of the RMB exchange rate, and the increase in labor costs have continued to put pressure on foreign trade companies. In addition, considering that overseas supply chain bottlenecks may improve, China's supply substitution effect will weaken, and export growth is likely to slow down. In addition, affected by factors such as the situation in Ukraine, my country's exports are expected to face certain uncertainties in the follow-up.

According to the latest statistics from the Office for National Statistics, in January 2022, the UK furniture retail price (RPI) index reached a new high with an increase of 14.1%, and it was also the fifth consecutive month that the index exceeded 10%. The furniture production index for the month was 20%, and it is now five months in a row that the index has reached at least 20%. Retail sales of furniture and lighting products were £1.32bn in January 2022, up 51.3% from the same period in 2021, but down 7.7% from pre-COVID 2019.

September to December is an important season for international trade. Everyone is very concerned about a maritime issue. Since the epidemic, various routes have seen congested ports and increased freight rates.   The United States in particular is currently facing an unprecedented shipping crisis. The congestion of containers at ports and railway stations continues to deteriorate, and there is almost no sign of relief. In response, the US Biden government even set up a working group specifically for supply chain issues, involving stakeholders to solve the bottleneck problem of the supply chain from the port to the entire inland distribution system.   Encouraged by the Biden administration, the Port of Long Beach in the United States has now decided to operate 24 hours a day from Monday to Thursday. The Port of Los Angeles still has no specific plan to extend its opening hours, but emphasizes that it will focus on improving operational efficiency in response to the surge in imports from important US trade portals. Due to traffic congestion, according to statistics from Israeli freight company Freightos, the time required for a container to depart from China to its final destination in the United States has increased by 83%. In the meantime, container freight rates continued to soar this week:

For the first time in the 130th Canton Fair, a new model of online and offline integration was implemented. The offline exhibition will be held in Guangzhou, China from October 15 to November 3, 2021. With the theme of promoting domestic and international dual cycles, this year's Canton Fair will fully expand the invitation of domestic buyers to participate, and create a high-quality trade docking platform for exhibitors and buyers.   Exhibition Content: Electronics and home appliances; hardware tools; machinery; vehicles and accessories; building materials; lighting; chemical products; energy; consumer goods; gifts; home decorations; textiles and clothing; footwear; Office, luggage and leisure products; medicine and healthcare; food; International Pavilion. Due to the COVID-19, the spring and autumn exhibitions in 2020 and the spring of 2021 was held online. For the autumn exhibition in 2021, a new model of online and offline integration will be implemented for the first time.   The China Import and Export Fair (referred to as: Canton Fair), founded on April 25, 1957, is held in Guangzhou every spring and autumn. It is jointly sponsored by the Ministry of Commerce and the People’s Government of Guangdong Province. The center undertakes. It is a comprehensive international trade event with the longest history, the highest level, the largest scale, the most complete product categories, the largest number of buyers, the widest distribution in countries and regions, and the best transaction results in China. It is known as "China's No. 1 Exhibition ".

According to the monthly business trend survey of the Kitchen Cabinet Manufacturers Association, participating cabinet manufacturers reported that compared with the same month in 2020, overall cabinet sales in June 2021 increased by 14.0%. Customized sales increased by 23.4%, and semi-customized sales increased by 18.7%. A stronger indicator of the industry's continued recovery is monthly comparisons. Compared with May 2021, overall sales in June 2021 increased by 6.1%. Customized sales increased by 13.7%, and semi-customized sales increased by 6.2%. Sales in 2021 also remain strong. Compared with the same period in 2020, year-to-date overall cabinet sales have increased by 20.2%. Customized sales increased by 23.5%, and semi-customized sales increased by 20.9%. Wooden cabinets, basins, dressing tables and their components from China continue to have a huge beneficial impact on domestic cabinet manufacturers in the United States.

In the beginning of autumn 2021, the buzzword "Autumn's first cup of milk tea" began to appear on the Internet. Everyone ordered milk tea on Liqiu's day. Milk tea seems to have become a ritual of the day, just like eating turkey on Thanksgiving. Most people think that this is a marketing activity for consumers in the current milk tea culture industry. There are 24 solar terms in the Chinese lunar calendar. Liqiu is one of the solar terms, which represents the beginning of the season from summer to autumn. We also ordered milk tea as afternoon tea on the Liqiu Festival today. happy! Satisfy! More motivated to work!