U.S.-South Korea washing machine trade war plot has made new progress, the U.S. government once again resorted to trade protection 'big stick'.
According to the Yonhap news agency, the U.S. government announced on Monday that it would take trade protection measures against the import of large domestic washing machines and solar cells. The Yonhap said this is a potential blow to Korean manufacturers.
The United States resorted to trade protection sticks to play Korean enterprises
At the end of May 2017, Whirlpool, a U.S. home appliance manufacturer, filed a trade protection petition with the U.S. government for a broad trade barrier on imported washing machines and directed Janus to the washing machine makers Samsung and LG in the United States.
In early October, the United States International Trade Commission ruled that Samsung and LG lost the United States large household washing machine washing machine industry in the United States adversely affected and in early December to the United States President Donald Trump submitted trade remedy proposals.
According to the Yonhap news agency reported, the U.S. government's trade protection measures include the import quota restrictions on the import of large domestic washing machines, tariffs of 20% on import laundry of up to 1.2 million sets, and 50% import tariffs on excess of part. The second and third years Tariff rates charged to import washing machines of up to 1.2 million units dropped to 18% and 16% respectively, while those exceeding 1.2 million units reduced the corresponding tariff rates to 45% and 40% respectively.
For solar cells and modules, the U.S. government takes a protective duty on imported products within 2.5 gigawatts and a tariff of 30% -15% for the excess over the next four years.
U.S. Trade Representative Robert Lighthizer announced that these measures have been approved by U.S. President Trump.
(United States) The International Trade Commission found that U.S. manufacturers suffered serious damage to imported goods and recommended some measures to the president, "Robert Lighthizer said in a written statement." The president's actions once again clearly show that Trump The government at this point will forever protect American workers, farmers, ranchers and businesses.
South Korea has urged the United States to stop implementing the above trade protection measures and insisted that such a move would only harm the interests of the United States.
South Korea's washing machine maker Samsung and LG combined a total of $ 1 billion in large domestic washing machines exported to the United States in 2016. Both companies accounted for 16% and 13% of the US washing machine market respectively, while Whirlpool Market share of 38%.
According to data from the South Korean government, South Korean companies exported US $ 1.3 billion worth of solar cells to the United States in 2016, ranking third behind their exports in Malaysia and China.
The United States decided on China's washing machine business few effect
This is no longer the first dispute over the washing machine trade between the United States and South Korea.As early as 2012, Whirlpool filed an anti-dumping investigation petition with the U.S. government on the dumping of washing machines made by Korean companies Samsung and LG in South Korea and Mexico in the U.S. market, Government support after the United States government ruled that the dumping fact was established and tariffs on washing machines originating from both places.
At the end of 2015, Whirlpool again launched an anti-dumping investigation and asked the United States to conduct an anti-dumping investigation on washing machines manufactured by Samsung and LG in China. The U.S. government again made a final affirmative decision to impose high tariffs on large domestic washing machines originating from China.
U.S. trade protection policies have caused our country's decline in the export of washing machines to the United States. According to the data of China's General Administration of Customs, the export of washing machines to the United States decreased by 93.7% from January to November 2017 year-on-year.
In this regard, analysts believe that China's exports of large-scale home washing machines in the United States are mainly concentrated in the hands of Samsung and LG in China in the investment business, the United States on China's production of large domestic washing machines levied anti-dumping duties, Samsung and LG will be gradually exported to the United States orders Transferred to its Southeast Asia factory.According to the statistics of the General Administration of Customs, the export volume of washing machines of Samsung and LG in China from January to November 2017 was 3.6445 million units, a decrease of nearly 700,000 units over the same period of last year, a drop of 17.6% The amount of 34.3% year-on-year decline.
Hu Xiaohong, a senior consultant for China Household Electrical Appliances Association, said the high tariffs imposed by the United States on imports of large domestic washing machines are mainly directed at Korean enterprises and have basically no impact on the export business of domestic washing machine manufacturers in China.
Overall, the export of washing machines in China by the United States in 2017 is relatively limited the impact of anti-dumping.According to the statistics of the General Administration of Customs, from January to November 2017, the export of washing machines in China increased by 2.8% from the same period of last year.
In fact, it is still unknown whether the trade protection measures implemented by the United States will prevent the Korean-made washing machines from entering the U.S. market until the third time that Whirlpool submitted the trade protection application to the U.S. government for a third time, Samsung Has taken precautionary measures.Strong in the vigorously advocate the principle of 'the United States' became president of the United States, Samsung and LG have announced plans to invest in the washing machine factory in the United States: Samsung announced that it spent 380 million US dollars building in South Carolina Washing machine factory, the goal is to produce 1 million washing machines annually to create more than 1,000 jobs; LG plans to invest 250 million U.S. dollars to build washing machine factory in Tennessee, the annual production capacity can reach 100 million units, the number of employees will be more than 600 people.
According to foreign media reports, LG Electronics executives said it will operate a new washing machine factory in the United States from the fourth quarter of 2018. Samsung also recently opened a washing machine factory in the United States.