Tariff impact, a large number of orders suspended delivery
The Trump administration's recent tariff policies have triggered an unprecedented trade panic around the world. The uncertain policy environment has caused a large number of shippers to suspend shipments, US importers to postpone or cancel orders, freight forwarders to stop booking space with shipping companies, and the entire international logistics system is experiencing a huge impact.
The rapid and frequent adjustment of policy releases has caught the market off guard. Lars Jensen, a senior analyst in the container shipping industry, said via LinkedIn: "In the current situation, there is no long-term planning to speak of, and all supply chain players are forced to adopt short-term coping strategies."
According to The English shipping media "The Loadstar" reported that a Taiwan paper products manufacturer's factory in Vietnam cancelled up to 300 containers of goods sent to the United States every day, showing that the impact of Trump's tariffs has quickly spread to many links in the Asian industrial chain.
A large number of cross-border sellers will be the US market as the main export destination, tariff New Deal attack, they are expected to part of the export to the US products will face certain challenges, mainly reflected in the following two aspects: 1. Rising tariff costs: products are included in the list of tax increases, causing a certain pressure on gross profit margin in the short term; 2. The pace of customer orders has slowed down: individual customers are waiting for the clarity of the policy, and short-term wait-and-see sentiment appears. Industry insiders "wind factory director" has more than ten years of foreign trade experience, in 2024 foreign trade companies in the United States orders accounted for nearly 70%, after the new tariff deal, although a number of cabinets have been done temporarily little problem, or immediately notify the company to suspend the new production procurement, cross-border e-commerce goods also suspended delivery.
At the other end of the coast, there are also local brands in the United States announced that they are suspending orders and stopping hiring. Backpack maker Day Owl, for example, is headquartered in New York City, but its production line is in Vietnam. Ian Rosenberger, CEO of Day Owl, said the company has put future orders on hold. He estimates that Day Owl will close trading within 30 days unless a deal is reached with Vietnam to significantly reduce tariffs. However, with a production cycle of about 100 days, waiting too long could result in missing the crucial pre-school shopping season. Many of the company's employees are also worried about the risk of losing their jobs. Rosenberg, the CEO, added that the tariffs would increase his company's tax bill from $5 to $22. This will force Day Owl to raise the price of its premium backpack from $155 to $212.
Yale University "budget lab" : leather goods will increase by more than 35%
As the so-called "reciprocal tariffs" in the United States took effect, consumers across the United States began to stock up on goods. U.S. research institutions and industry analysts have also warned of rising prices. On April 8, local time, the latest forecast of Yale University's "Budget Lab" showed that among all kinds of goods, tariff measures will make the price of leather goods and clothing in the United States rise the most, up 35.2% and 32.7% respectively.
In addition to leather goods and clothing, the commodities with the largest price increases were crops, metals, wool and cocoons, processed rice, electronic equipment, textiles, automobiles and parts, machinery and equipment, non-ferrous metals, rubber and plastic products, and mineral products. Basic necessities such as water, telecommunications and electricity are also expected to rise in price across the board.
New sneakers, jeans and T-shirts for children could cost American families more when they head back to school this fall if Trump's reciprocal tariffs on major exporters go into effect as planned, U.S. industry groups have warned. The American Apparel and Footwear Association, citing its latest data, says about 97 percent of clothing and shoes purchased in the United States are imported. The Footwear Distributors and Retailers Association of America (FDRA) points out that 99% of shoes sold in the United States are imported, and the current price of $77 for Chinese-made work boots will rise to $115, and $155 for Vietnamese-made running shoes will rise to $220. According to the group's calculations, a pair of Chinese-made children's shoes, which now cost $26, could rise to $41 by back-to-school shopping season.
Ming Xin Xuteng: The impact on the company's overall performance is minimal
On April 9, some investors asked Ming Xin Xuteng on the interactive platform: Hello Dong Secretary, what impact will the tariffs imposed by China and the United States have on Ming Xin? What response plan does your company have?
Mingxin Xuteng said: the company has been deeply engaged in the leather industry for 20 years, and has established long-term cooperative relations with suppliers from different countries and regions, including Australia, Europe, South America and domestic suppliers. In the face of tariff changes, the company has the flexibility to source the required raw materials from other countries or regions without the risk of dependence on a specific market; And the company has a certain strategic reserve inventory, which makes the supply chain more flexible, diversified and competitive; The company's products are mainly for domestic automakers, and there is no export business to the United States. At the same time, the company has carried out a global layout and set up a production base in Mexico, which helps the company better cope with the potential impact of tariffs. The U.S. and China tariffs had little impact on the company's overall performance.
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