Analysis of the impact of the Sino-US trade war on China's lighting industry
by：Saintly
2021-06-16
China and the United States are each other's largest trading partners, and Sino-US trade disputes are an important issue in Sino-US economic relations. Sino-US trade disputes mainly occurred in two areas: one is the export field where China has comparative advantages (such as the use of 301 survey); the second is the import and technical knowledge field where China has no advantage (such as the use of 337 investigation). The former is basically competitive, while the latter is not fully functional in the market. Their impact on the economic welfare and long-term development of the two countries is different.
Since Donald Trump came to power, the United States has pursued various political and economic strategies prioritized by the United States, adopted unilateralist and trade protectionist measures, and continuously provoked trade wars, leading to escalating trade frictions and disputes between China and the United States. . The situation can be described as 'black clouds are pressing down on the city and the city is about to be destroyed.
1, American action
On March 23, the United States took the lead in provoking a trade war and announced that it would impose tariffs on products exported from China to the United States based on the 301 trade investigation initiated by China and restrict Chinese companies’ investment in the United States.
On May 30, the United States announced that it would impose 25% tariffs on imports of US$50 billion worth of goods from China;
On June 15, the United States released a list of products subject to additional tariffs. It will impose an additional 25% tariff on approximately US$50 billion imported from China, including approximately US$34 billion in 818 categories since July 6. Since the implementation of additional tariffs, public opinions have been sought on the additional tariffs on approximately US$16 billion in goods.
On July 10, the United States announced a list of recommended products for imposing an additional 10% tariff on US$200 billion of Chinese products exported to the United States;
On August 2, the United States planned to increase the tariff levy on US$200 billion of Chinese products exported to the United States to 25%.
On August 8, the United States announced a list of 279 categories of Chinese products worth about 16 billion U.S. dollars to impose 25% tariffs, which will be officially implemented on August 23. Most of the lists are semiconductors and related products ( Including 85414020 where the LED package device is located and 85419000 where the LED chip is located).
On September 17, the U.S. government imposed a 10% tariff on 200 billion U.S. dollars exported to the United States from China. The measure will be implemented on September 24 and will be implemented on January 1, 2019. The product tax rate will be raised to 25%. The US also warned that if China takes retaliatory measures, the US will impose additional tariffs on another US$2,670 of Chinese exports to the US.
2, the Chinese side responds
On June 16, approved by the State Council, the Tariff Commission of the State Council decided to impose 25% tariffs on approximately US$50 billion of imported goods originating in the United States, of which 545 items of approximately US$34 billion will be implemented on July 6. The additional tariffs will be imposed, and the implementation time of the additional tariffs on other commodities will be announced separately.
On August 3, with the approval of the State Council, the Tariff Commission of the State Council decided to impose additional tariffs ranging from 25%, 20%, 10%, and 5% on 5,207 imported goods originating in the United States of about 60 billion US dollars. If the United States implements its second round of additional tariff measures, China will immediately implement the aforementioned additional tariff measures.
On August 9th, with the approval of the State Council, the Tariff Commission of the State Council decided to impose 25% tariffs on 333 items of about 16 billion US dollars of imported goods originating in the United States. Various types of motor vehicles and vehicle supplies accounted for the entire list. More than half. The decision will be implemented simultaneously with the U.S. side on August 23.
On September 18, in accordance with the 'Foreign Trade Law of the People's Republic of ChinaA total of about 60 billion U.S. dollars in each tax item, an additional 10% or 5% tariff will be imposed on September 24. He also emphasized that if the US insists on further increasing the tariff rate, China will respond accordingly.
Since Donald Trump came to power, the United States has pursued various political and economic strategies prioritized by the United States, adopted unilateralist and trade protectionist measures, and continuously provoked trade wars, leading to escalating trade frictions and disputes between China and the United States. . The situation can be described as 'black clouds are pressing down on the city and the city is about to be destroyed.
1, American action
On March 23, the United States took the lead in provoking a trade war and announced that it would impose tariffs on products exported from China to the United States based on the 301 trade investigation initiated by China and restrict Chinese companies’ investment in the United States.
On May 30, the United States announced that it would impose 25% tariffs on imports of US$50 billion worth of goods from China;
On June 15, the United States released a list of products subject to additional tariffs. It will impose an additional 25% tariff on approximately US$50 billion imported from China, including approximately US$34 billion in 818 categories since July 6. Since the implementation of additional tariffs, public opinions have been sought on the additional tariffs on approximately US$16 billion in goods.
On July 10, the United States announced a list of recommended products for imposing an additional 10% tariff on US$200 billion of Chinese products exported to the United States;
On August 2, the United States planned to increase the tariff levy on US$200 billion of Chinese products exported to the United States to 25%.
On August 8, the United States announced a list of 279 categories of Chinese products worth about 16 billion U.S. dollars to impose 25% tariffs, which will be officially implemented on August 23. Most of the lists are semiconductors and related products ( Including 85414020 where the LED package device is located and 85419000 where the LED chip is located).
On September 17, the U.S. government imposed a 10% tariff on 200 billion U.S. dollars exported to the United States from China. The measure will be implemented on September 24 and will be implemented on January 1, 2019. The product tax rate will be raised to 25%. The US also warned that if China takes retaliatory measures, the US will impose additional tariffs on another US$2,670 of Chinese exports to the US.
2, the Chinese side responds
On June 16, approved by the State Council, the Tariff Commission of the State Council decided to impose 25% tariffs on approximately US$50 billion of imported goods originating in the United States, of which 545 items of approximately US$34 billion will be implemented on July 6. The additional tariffs will be imposed, and the implementation time of the additional tariffs on other commodities will be announced separately.
On August 3, with the approval of the State Council, the Tariff Commission of the State Council decided to impose additional tariffs ranging from 25%, 20%, 10%, and 5% on 5,207 imported goods originating in the United States of about 60 billion US dollars. If the United States implements its second round of additional tariff measures, China will immediately implement the aforementioned additional tariff measures.
On August 9th, with the approval of the State Council, the Tariff Commission of the State Council decided to impose 25% tariffs on 333 items of about 16 billion US dollars of imported goods originating in the United States. Various types of motor vehicles and vehicle supplies accounted for the entire list. More than half. The decision will be implemented simultaneously with the U.S. side on August 23.
On September 18, in accordance with the 'Foreign Trade Law of the People's Republic of ChinaA total of about 60 billion U.S. dollars in each tax item, an additional 10% or 5% tariff will be imposed on September 24. He also emphasized that if the US insists on further increasing the tariff rate, China will respond accordingly.
