At 7 a.m. in Beijing on March 23rd, the Ministry of Commerce issued a discontinuation of the list of products and solicited public opinion on the 232 measures for the import of steel and aluminum products in the United States. It was intended to impose a tariff on some imported products from the United States in order to balance the losses caused by the US tariff on imported steel and aluminum products to the interests of the Chinese side.
The tentative list includes 7 categories and 128 tax products, according to 2017 statistics, the export of $3 billion relates to the United states. The first part of the total 120 taxes, involving US $977 million US exports to China, including fresh fruit, dried fruit and nut products, wine, modified ethanol, ginseng, seamless steel pipe and other products, will be added to the tariff of 15%. The second part, a total of 8 taxes, relates to the US $1 billion 992 million export to China, including pork products, recycled aluminum and other products, to levy a 25% tariff.
A spokesman for the Ministry of Commerce said that the US side's conduct of 25% and 10% tariffs on imported steel and aluminum products on the grounds of "national security", in fact, constitutes a safeguard. According to the relevant provisions of the WTO safeguards agreement, China has made a list of suspension and reduction.
If China and the United States fail to reach a trade compensation agreement within the prescribed time, the Chinese side will exercise the right to reduce the discontinuation of the first part of the product, and the Chinese side will carry out the second part list after the further assessment of the impact of the United States measures on China. China reserves the right to adjust the measures according to the actual situation, and will perform the necessary procedures in accordance with the relevant rules of WTO.
As we all know, with the popularization and landing of a series of industrial concepts such as industry 4 and "China made 2025", the distance between China and industrial power has shortened a lot in a short time. It is not difficult to find that it is not difficult to find out that the choice of the tax increase in China by Trump is not a superior middle and low end manufacturing in China, but a new high-tech industry with strategic development, which is the high technology industry which is mainly developed in the "China made 2025". This is the United States to advance card, the battle for the exclusive industrial power caused by the commanding heights.
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Wire Connectors Terminal in the new energy, industrial robot, high speed iron equipment and other fields have a certain scope of application, and need certain new products. Under the influence of trade war, the research and development of new products may be limited, but the spirit of our national self-improvement urged us to carry out independent innovation. In terms of terminal use, because of the wide range of electrical automation, there are more markets in the field of trade war, so the market capacity will not be much affected by trade war.