On January 20, Trump officially took office as the new president of the United States. The resumption of Tiktok's service marks a warming of relations between China and the United States. Market sentiment has also eased, the US dollar index has retreated, and the renminbi exchange rate has also risen significantly. The policy trend of Trump 2.0 era, especially the measures such as internal tax cuts and external tariffs that he has always advocated, is very likely to have a profound impact on the global economic pattern and industrial development. So how will the opening act of a Trump presidency play out? How will the textile industry be affected?  

During the campaign, Trump made it clear that he would continue to pursue an "America first" policy and impose high tariffs on imports from China. Ma Jiangbo analysis pointed out that if a substantial tax increase, the impact on China is mainly these two categories of products: one is consumer goods, especially textiles, clothing, home textiles, rubber plastics and other labo

r-intensive products. The other category is general machinery, mobile phones, computers, electronic components, electrical equipment, precision instruments and other electronic equipment products.

Among them, textile and clothing, culture, sports and entertainment, leather shoes, furniture industries will be greatly affected. Because these industries are generally highly dependent on exports, most of them are labor-intensive industries, and the decline in exports will be more obvious when tariffs rise.

The textile industry may also be the next focus of attention, in which the most competitive. In addition, most of the members of Trump 2.0's cabinet are China hawks, and the consistency and implementation of policies are stronger, and trade protectionist measures are expected to fall quickly.

The advent of the Trump 2.0 era has undoubtedly brought new challenges to the global textile industry. But crises often contain opportunities. Textile enterprises should actively respond to enhance their competitiveness through technological innovation, industrial upgrading and market diversification. At the same time, the government and industry associations should also strengthen policy support and guidance to help the industry transition smoothly. Only in this way can the textile industry turn the crisis into an opportunity and achieve sustainable development in the "first fire" after Trump took office.