On August 27th, the six-day US Trade Representative Office (USTR) ended the hearing on a $25 billion tariff on Chinese goods.
Although in the six-day, 358-member agenda of the on-site hearing, as many as 95% of the company’s representatives “put out and let go” and oppose the increase in taxes, the previous two rounds of hearings were also under such circumstances and still implemented. Increase taxes.
According to the American media: "You can't wake up a sleeper." Looking at the recent news reports, this round of tax increases seems inevitable.
First, this round of the list is very broad, almost including food, clothing, housing, light industry, machinery manufacturing, daily necessities, and other aspects that we ordinary people can think of, even the collections and antiques have not fallen, it can be seen that the United States wants to China. Fully shocked exports to the United States;
Second, there are three major categories of projects listed above 20 pages: food, textiles, and chemical products; there are three major categories of more than 10 pages: precious metals, manufacturing, and light industry. class;
Third, in terms of the impact effect, although the amount of the list page cannot be equal to the actual quality, it is at least a reflection. From the above table, food-based imports are a major focus; the other is a broad-based manufacturing industry led by light industry.
If the impact of the previous two rounds of the $50 billion tax increase list on Chinese exporters is not so obvious, then this list of 200 billion US dollars worth of goods involves 6031 products, accounting for 38% of China’s total exports to the US last year. %-46%.
The list covers not only the high-end manufacturing industries such as electrical machinery and machinery, but also many low-end manufacturing products (such as cotton, cardboard, wood, etc.) and consumer goods (such as food, textiles, furniture). Or it will force a large number of Chinese export companies to abandon the US market.
In the $200 billion list of Chinese goods, the proportion of consumer goods reached 23% for the first time, but it still dominated by intermediate products, accounting for about half (47%).
The top ten consumer products to be affected are: telephone ($24 billion), computer ($8 billion), furniture ($11 billion), chairs ($10 billion), lamps ($7 billion), travel bags (70) US$100 million) and agriculture and food ($6 billion). Affected household items include vacuum cleaners ($1.8 billion), cooking utensils ($3.8 billion), and refrigerators ($1 billion). (The amount in parentheses is 2017 trade statistics)
The top ten intermediate products and capital goods to be affected are: computer parts ($15 billion), auto parts ($9 billion), steel products ($8 billion), plastics ($6 billion), power transformers, Static converters and inductors ($5 billion) and aluminum ($794 million).
Among the five industries with the most serious export losses in China, the two industries of electrical equipment and machinery and equipment are in the top two, and the sum of export losses accounts for about 35% of total export losses. Industries such as furniture bedding, vehicles and their accessories, and plastic products are not affected by this list.
From the perspective of export value, among the 200 billion US dollars of goods, the highest value of motor, electrical, audio-visual equipment and accessories, reached 48.8 billion US dollars, accounting for 1/4 of the tariff list. The export value of nuclear reactors, boilers, machinery and parts reached US$38.37 billion. The export value of vehicles and their accessories reached US$11.64 billion. The above three categories of goods also occupy the top four positions in the list of 50 billion US dollars of goods announced on June 15, which once again confirmed that the United States imposed tariffs on China mainly for the "Made in China 2025" related industries.