Previously, Western countries, led by the United States, initiated international sanctions against China over human rights issues, and many foreign brands followed in response, smearing and boycotting Xinjiang cotton. . As foreign countries launched actions against China, domestic people also spontaneously boycotted these brands that smeared Xinjiang cotton.
In addition, the United States has also issued a “Xinjiang Cotton Ban” to intercept all imported products using Xinjiang cotton. Previously, Uniqlo’s products were banned by U.S. Customs This reason was used to deny customs clearance. After that, under pressure, three Japanese companies also announced that they would stop using Xinjiang cotton. It seems that they have not learned enough lessons.
According to a report by Observer.com on May 21, due to concerns about the negative impact of Xinjiang cotton on products, sports brand Mizuno, as well as clothing companies World and Cox, etc. Three Japanese companies will stop using Xinjiang cotton.
According to reports, under the “encouragement” of the Swiss Better Cotton Development Association (BCI), many foreign brands such as H&M and Nike stated that they would abandon the use of Xinjiang cotton. Now, these brands have also tasted the bitter pill – after announcing that they would abandon Xinjiang cotton, the stock prices of international sports brands Nike and Adidas plummeted after the market opened.
Among them, Nike fell more than 5% in early trading, and its single-day circulating market value evaporated by approximately US$7.1 billion (approximately RMB 45.7 billion); Adidas closed down 6.49 %, the single-day circulation market value evaporated by approximately 3.5 billion euros (approximately RMB 27.4 billion).
So for these three companies that were “forced” by the US ban, H&M’s fate is also their fate. Judging from the fact that these three Japanese companies succumbed to the US “Xinjiang cotton ban”, the influence of US Customs is still considerable. After all, the current interception behavior has indeed served as a warning to the monkeys and has had a good effect. Therefore, the United States may continue to use this method to deal with other countries and other brand companies in the future.
Judging from the words and deeds of the United States, those who don’t know really think that the United States is the “number one” leading country in boycotting Xinjiang cotton, but it is actually At the same time, the United States imports Xinjiang cotton. Although the United States has imposed a ban on some key products from Xinjiang, data from the General Administration of Customs shows that Xinjiang’s direct exports to the United States have increased instead of decreasing, more than doubling in the first quarter of this year.
This approach of the United States allows others to be detained by U.S. Customs What do you think about the intercepted foreign products? Isn’t this the biggest “double standard” behavior of the United States? Allowed to be used in the United States but not allowed to be used in other countries? This phenomenon also shows that related industries in the United States have become seriously dependent on products from the Xinjiang region. If they insist on excluding them, I am afraid that the U.S. supply chain will be strained or interrupted.
The United States has always used the reason of “forced labor” to embarrass China, but little does it know that the human rights mask of the United States has long been in tatters. Historically, the United States exploited black slaves and forced black people to work. These things may be dusty in history, but people will not forget the evil deeds of the United States. In addition, the United States has recently been caught in the act. Some media exposed that hundreds of Indian workers were forced to work for long hours at minimum wages in the United States. This is a real case of “forced labor.” The United States itself is a coquettish person, and it still points fingers at China.
These three Japanese companies have also joined the ranks of banning Xinjiang cotton. It can only be said that this approach is completely out of balance. You know, when H&M angered the Chinese people, Muji very wisely stated that it would continue to use Xinjiang cotton and gain favor in the Chinese market. Because of the pressure from the United States, Japanese companies have begun to “take sides”. It is really not worth losing the huge Chinese market. But now that Japanese companies have made their choice, we can only respond with actions to let them understand the direction of China
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