1. US Best Buy Stops Selling Huawei Mobile Phones Security Concerns Spread to Other Countries
Set Micronet reported on March 22 (Reporter Zhang Yiqun) Today, US media sources stated that Best Buy, the US electronics retailer, has stopped selling Huawei smartphones. Following the pressure of political pressure from American telecom operator AT&T on CES, After canceling cooperation with Huawei, US retail giants joined Huawei products, which undoubtedly has a serious impact on the development of Huawei mobile phones in the US market.
At present, Best Buy has not responded directly to the reasons for prohibiting the sale of Huawei products. Huawei responded by saying that Huawei attached great importance to the relationship with all partners and fully understood and respected their choices. 'Given commercial confidentiality requirements, it is inconvenient to disclose the specifics of cooperation between the two parties. Details. '
But it is very likely that with AT&T and Verizon, orders from the United States government departments. Recently, the White House issued a ban to block Broadcom's acquisition of Qualcomm, the reason is that the acquisition may bring potential national security risks, which particularly emphasized that for Huawei Future 5G competitiveness concerns.
In response, Huawei further pointed out that 'Huawei currently sells products through many leading retailers in the United States. The products we sell in the United States not only meet the industry's highest standards of security, privacy and engineering, but also pass the US Federal Communications Commission. (FCC) certification. Up to now, 46 of the global TOP 50 operators are selling and using Huawei products. Enterprise customers and consumers in more than 170 countries around the world are also using Huawei products with confidence. We also hope to obtain American consumers trust and provide them with convenient purchasing services.
Earlier, Huawei’s position on the US market stated that Huawei will continue to work hard in the US market and maintain enough patience.
"From the current situation, Huawei has almost no place in the US market. 'An analyst told reporters this way, and even more worried that the analyst, the United States will spread to other countries.
'China's huge market size and Huawei's advantages in 5G, if leveraged in the Chinese market, Huawei is likely to gain a clear advantage of leading Ericsson and Nokia in the 5G era and achieve the same status as Qualcomm in the field of system equipment. As a result, the U.S. government may exert pressure on other countries by using trade policies as a means to limit Huawei's global operations. 'The analyst said.
According to reports, Huawei has become a topic of debate in the Canadian Parliament this week, and the chief executive of Korea's largest telecoms operator who is considering the selection of next-generation wireless equipment suppliers also said that the rise of Huawei is worrying.
In addition, the United States has been communicating to Australia that Huawei will pose a national security risk. Australia recently put pressure on the Solomon Islands and asked this South Pacific island nation not to allow Huawei to build a submarine cable connecting the country with Australia. At the same time, it proposed to invest another capital in Australia. Optical cable. Australian officials said that the country has security concerns about Huawei’s participation in the supply of its next-generation 5G wireless equipment and is currently negotiating with other countries on this issue.
According to the latest report of market research firm IHS Markit, in 2017, Huawei became the only telecommunications equipment vendor whose share increased, its share increased from 25% in 2016 to 28%, replacing Ericsson as the world's first. In mobile phones, Huawei ranked third in the 'Global Smartphone 2017', with a market share of 10.4%, behind Samsung's 21.6%, and Apple's 14.7%.
Currently, offline operators and retailers have limited the sales of Huawei smartphones, but online platforms have not yet been affected. Huawei smartphones are still available on Amazon.
2. Huawei responds to US Best Buy to stop selling mobile phones: Respecting their choices, details will not be disclosed
Fenghuang Wang Technology (Author/Liu Zhengwei) March 22 news, following AT&T’s announcement to cease cooperation with Huawei, Huawei’s mobile phone was hit again in the US market. Bloomberg reported that Best Buy, the largest electronics retailer in the United States, has Stop purchasing the latest mobile phones from Huawei, and will stop selling Huawei products.
Bloomberg quoted informed sources as saying that Best Buy will formally suspend the cooperation with Huawei in the near future. In response, Huawei responded that it fully understands and respects its partners’ choices. However, due to commercial confidentiality requirements, Huawei does not conveniently disclose the cooperation between the two parties. The specific details.
Unlike the Chinese market, the United States is a mobile phone market dominated by operators. The proportion of open retail channels accounts for only about 10%. In August 2017, U.S. media discovered Huawei's access license information for AT&T, which means Huawei mobile phones. It is possible to enter the U.S. market with the cooperation with the operator.
However, on the eve of the CES conference earlier this year, this cooperation suddenly changed. The 18 US congressmen sent a joint letter to the Federal Communications Commission (FCC) Chairman Ajit Pai on December 20, 2017, demanding that the FCC investigate the cooperation.
The direct reason behind this was the US administration’s concerns about security issues. Under pressure, AT&T canceled this cooperation. Huawei’s consumer business CEO Yu Chengdong expressed public disappointment at the CES press conference and expressed disappointment with the failure of the cooperation. The Mate 10 series of mobile phone products are normally sold in public channels.
At the time, he said at the scene: 'For us, for operators, this is a huge loss. The loss to consumers is even greater because they have lost their best choice.'
According to Huawei’s official response, up to now, 46 of the global TOP 50 operators are selling and using Huawei products, and enterprise users and consumers in more than 170 countries around the world are also using Huawei products.
In addition, Huawei's products on the US Amazon platform are still in normal sales.
The following is the official response of Huawei:
Huawei attaches great importance to the relationship with all its partners and fully understands and respects its choices. Given the business confidentiality requirements, we are inconvenient to disclose the specific details of the cooperation between the two parties.
Huawei currently sells products in the United States through leading retailers. The products we sell in the United States not only meet the industry's highest standards of security, privacy, and engineering, but also pass the FCC certification.
With its excellent battery life, performance, photography experience and reliable quality assurance, Huawei smartphones have been widely praised by consumers and the media around the world. To date, 46 of the world's top 50 operators are selling and using Huawei products. , Enterprise users and consumers in more than 170 countries around the world are also using Huawei products with confidence. We also hope to gain the trust of American consumers and provide them with convenient purchasing services.
3. The trade war is rampant. Trump announces to impose a tariff of 50 billion on China.
Trump announced on Thursday (22th) that after signing the 'China Economic Aggression' memorandum, it announced that it would levy an import tax on a series of Chinese goods and that the annual tax amount would be as much as US$60 billion.
The United States’ findings on China’s 301 survey may be announced. President Trump will impose a tariff of approximately US$50 billion on Chinese imports. The Sino-US trade war is imminent, and China will respond to it and raise global concerns.
After signing the 'China Economic Aggression' memorandum on Thursday (22 August), Trump announced that it would levy an import tax on a series of Chinese goods and that the annual tax amount would be approximately US$50 billion to punish China for the theft of intellectual property rights and trade secrets of the United States.
Trump said at the White House that he regards China as a friend and also respects Chinese President Xi Jinping. However, he said that China has the greatest trade surplus with the United States and criticized China for stealing American intellectual property.
He said: 'The word I want to use is reciprocal. If they receive our fee, we will receive their agreed fee.'
Trump stressed that China must cut its trade surplus with the United States by 100 billion U.S. dollars as soon as possible.
The U.S. Trade Representative Office (USTR) will initiate tariffs on certain commodities in China within 15 days. The White House predicts that the new tariffs may affect about 1,300 products imported from China, and strive to have the 'minimal impact on U.S. consumers. '.
The U.S. Department of the Treasury will announce after 60 days which Chinese funds will be restricted to invest in the United States.
Trump took punitive measures against China on the grounds that China had stolen the technology and trade secrets of the United States. U.S. government officials said that thefts in China caused U.S. companies to lose billions of dollars in revenue and cause thousands of people to lose their jobs.
These measures will become the toughest means for Trump to attack China's rapidly emerging economic rival. He once accused China of plundering the United States.
China stated that it is firmly opposed to the U.S. side’s unilateralism and trade protectionism. China will never sit back and ignore the legitimate rights and interests. It will certainly take all necessary measures to resolutely defend its legitimate rights and interests.
US Trade Representative Robert Lighthizer stated that tariffs will target China’s high-tech products, and that if China levies retaliatory tariffs on exports of agricultural products to the United States, it will “remove counterfeits”.
The United States has always accused China of forcing U.S. companies to transfer patented business data and intellectual property rights. As a condition of operating in China, the Office of the U.S. Trade Representative conducted an investigation in accordance with Article 301 of the Trade Law last August.
Letitze said that China may impose retaliatory measures on US exports of agricultural products, especially soybeans. He pointed out that if the situation really occurs, the United States will immediately take countermeasures. However, he also stressed that 'no one can win the trade war. '.
The U.S. trade representative Robert Lighthizer stated that the U.S. side hopes to 'improve the greatest pressure on China to minimize the pressure on U.S. consumers'.
Pendulum open decisive posture
It is reported that the United States' current taxation of goods for China is locked in the fields of science and technology, communications and intellectual property, including semiconductors, telecommunications equipment and computer components, which is equivalent to approximately one-eighth of China’s total exports to the United States.
The United States may further restrict investment in China involving joint venture operations and technology transfer. These measures may cause China's export growth to drop by about 0.7 percentage point, which will drag down GDP growth by about 0.1 percentage point.
At a regular press conference on the 21st, Chinese Foreign Ministry Spokesman Hua Chunying stated that China does not want to fight trade with anyone. 'But if someone is forcing us to fight, we will not be afraid, and we will not hide.' Ying said that the recent concerns about trade friction between the United States and other countries, including the United States and China, are of great concern to all parties and have all expressed concern about maintaining the normal international trade order and the stability of the world economy. She said that the economic and trade relations between China and the United States The essence is mutual benefit and win-win. In the past 40 years, Sino-U.S. economic and trade cooperation has provided a huge market for the two countries and created a large number of employment opportunities. It has also considerably reduced the average expenditure burden on American families.
Minister Fox: Britain supports the 'regular' international trading system.
Negotiations and compromises
Earlier, Chinese Premier Li Keqiang stated at the closing press conference of the National People's Congress on the 20th that Beijing does not want to fight a trade war with the United States. China will continue to reduce the overall tax rate of imported goods, open service industries and manufacturing industries, and protect intellectual property rights.
Li Keqiang said that it is not good for both sides to win a trade war between China and the United States. There is no winner. Moreover, if the word “hiccups” is used to describe trade, it is against the principle of trade because trade is resolved through negotiations, negotiations, and dialogue. Question, I hope that both sides will remain rational, don't use emotions, and avoid trade wars.
US trade with China
The "Washington Post" reported on Monday (19th) that a high-level official from Washington stated that the presidential staff had submitted to Trump a list worth 30 billion U.S. dollars a year and taxed Chinese imports, but Trump said that he should double the price. , Which covers more than 100 kinds of goods.
Trump believes that this is all because China has stolen from US companies or forced them to submit trade secrets in exchange for related products that entered the Chinese market. He said that this tax will punish China for theft of intellectual property rights, and Create more employment in the United States.
Bloomberg also quoted an unnamed person as confirming the news. The exact scale of taxation may still change before it is announced.
At present, in the face of the US trade giant that is about to fall, Beijing has repeatedly stated that both sides should calmly deal with it and China is not willing to fight a trade war with the US. Sources said that China and the United States will negotiate trade disputes again in the near future.
Reuters quoted a business person who discussed tariffs with the government as saying that this plan may have a period of public comment, so the effective date will not be very close. This will also allow more time for both China and the United States to negotiate and try to resolve and '301 clause' related to trade disputes.
In August of last year, the United States launched a '301 clause' investigation into China, which involved the issue of compulsory technology transfer, theft of intellectual property rights and innovation fields, etc. BBC
4. Ministry of Commerce responds to U.S. 301 investigation: Resolutely opposes U.S. trade protectionism
The head of the Ministry of Commerce’s Law and Law Division made a remark on the May 301 survey results
We have noticed that there have been recent reports that the US will soon announce the results of its investigation of China 301 and may impose restrictions on China. With regard to the 301 investigation, China has expressed its position on many occasions. We firmly oppose such unilateralism and trade protection of the United States. Acts. China will never sit back and ignore the legitimate rights and interests. It will surely take all necessary measures to resolutely defend its legitimate rights and interests.
President Xi Jinping pointed out that economic and trade relations are the 'ballasting stones' and 'propellers' of Sino-U.S. relations. The two countries established diplomatic relations for nearly 40 years, the scale of trade has increased 232 times, and the cumulative amount of two-way investment has exceeded 230 billion U.S. dollars. We are worried about the side operations. There are already 45 U.S.
We hope that the United States can understand the nature of the mutual benefits and win-win situation of Sino-U.S. economic and trade relations, and do not act in a way that hurts others.
5. Trump announced tomorrow morning tariff plan may start with intellectual property rights
According to overseas media reports, the White House stated that US President Trump will sign a presidential administrative memorandum on China's trade at 12:30 on March 22 (00:30, March 23, Beijing time), which may involve Ten billion U.S. dollars in tariffs and investment restrictions. This news triggered concerns about the 'trade war'.
White House Deputy Press Spokesman Raj Shah stated on the 21st: 'Tomorrow's President (Trump) will announce the measures he decided to take based on the results of the '301 investigation' conducted by the U.S. Trade Representative's office on China.'
On the afternoon of the 22nd, the head of the Law Department of the Ministry of Commerce of the People's Republic of China said that the United States may announce the results of the '301 investigation' recently. It noted that there have been recent reports that the US will soon announce the findings of the '301' investigation against China and may impose restrictions on China. Measures. Regarding the '301 investigation', China has expressed its position on many occasions. We firmly oppose this kind of unilateralism and trade protectionism practices of the US side. China will never sit back and ignore the legitimate rights and interests. It will surely take all necessary measures to resolutely defend itself. Legal rights.
Chinese Foreign Ministry Spokesperson Hua Chunying also stated at the regular press conference on the 21st that the Chinese side does not want to fight a trade war with anyone. However, if someone does not force us to fight, we will not be afraid and we will not hide. If the United States To take actions that impair the interests of the Chinese side, the Chinese side will take resolute and necessary countermeasures to safeguard its legitimate rights and interests.
Trump announces early morning tariff plan for China may start with intellectual property
Starting with intellectual property
Although the specific details of the above-mentioned memorandum are still unknown, some US media reported that Trump may decide to start with intellectual property rights and impose a tariff of 30 billion to 60 billion U.S. dollars on Chinese imports.
At a conference on the morning of the 21st, an official from the U.S. Trade Representative’s office stated that he was unable to provide any relevant details because the decision was made by Trump. Trump may allegedly target more than 100 kinds of China. Imported goods take measures.
In mid-August last year, the Office of the U.S. Trade Representative officially announced the launch of the '301 Investigation' to China. At that time, US Trade Representative Robert Lighthizer stated in a statement that the investigation cited article 301 of the U.S. Trade Act 1974. .
The '301 investigation' is a unilateral legal tool frequently used by the United States during the Reagan era of the 1980s. It authorizes U.S. trade representatives to initiate investigations of trade practices that are 'unreasonable' or 'unfair' in other countries, and can advise on the conclusion of investigations. U.S. President imposes additional tariffs and restricts unilateral sanctions such as imports.
Because of its strong unilateralism, the investigation has been opposed by other countries. After the establishment of the World Trade Organization (WTO) in 1995, the United States had a better multilateral trade coordination mechanism, and the '301 investigation' was rarely used.
There is no winner in the trade war
Two weeks ago, Trump had just signed an executive order to impose tariffs of 25% and 10% respectively on imports of steel and aluminum products. The frequent unilateral moves of the Trump administration in trade triggered allegations of the so-called 'trade war'. Concern.
When meeting with Chinese and foreign reporters who reported on the two sessions on the 20th, Chinese Premier Li Keqiang stated that China and the United States have a lot of voices to fight the trade war in recent days in response to trade-related issues between China and the United States. However, I believe that Sino-U.S. trade war is not available to both parties. Benefits, no winners. And if you use the term 'hiccups' to describe trade, there are also principles that are contrary to trade. Because trade is always to negotiate, negotiate, and talk to resolve disputes. I hope that both parties must maintain rationality. Emotional, avoid trade war.
Last year, the scale of trade between China and the United States reached 580 billion U.S. dollars. It can only be achieved by relying on the market and advancing in accordance with business rules. Otherwise, it would not be possible to have such a large sum. Of course, we do not want to see The relatively large trade deficit is not only for the United States, but we hope that the overall trade balance will not be sustainable. 'Li Keqiang said, 'I have just talked about some specific measures that China continues to push for opening up, including services, manufacturing, Commodities and other fields. In fact, the U.S. companies can seize opportunities, but at the same time we also hope that the U.S. can relax exports of high-tech, high-value-added products to China. We will strictly protect intellectual property rights. We hope that the U.S. will not lose this balance between the U.S. and China. The weight of trade, otherwise it is lost opportunities to make money.
When attending the press conference of the 2018 National Two Conferences, Chinese Minister of Commerce Zhong Shan also stated that there was no winner in the trade war and it would only bring disaster to the economies of China and the United States and the world. China does not want to fight a trade war, nor will it initiate trade initiatively. War, but we can respond to any challenge and resolutely defend the interests of the country and the people.
On the 21st, Wright Heather also stated that the Trump administration wants to put pressure on certain Chinese technology products, and also wants to target some of the corporate industries for strategic acquisitions of overseas mergers and acquisitions. 'We think this may be a long-term balance of Sino-U.S. trade. The most important thing. 'He said that the US-China trade deficit reached 375 billion U.S. dollars.
In response to the issue of trade balance, Zhong Shan stated at the press conference of the two national conferences this year that there are differences between China-US trade statistics. The Statistical Working Group of China and the United States conducts a comparative study each year on the differences in trade statistics between China and the United States. This working group consists of government agencies. Experts and other experts are composed. According to the calculations of this working group, the official statistics of the United States’ trade deficit with China are overestimated by about 20% each year. This working group has been for many years. The results of last year's working group analysis showed that the United States has a deficit. Overestimated 21%. The trade imbalance between China and the United States is structural. China has a surplus in trade in goods and the United States has a surplus in service trade. I think that trade competitiveness is fundamentally the competitiveness of the industry. The trade imbalance is also related to the US high-tech export control over China. A report from a U.S. research institute shows that if the U.S. export control to China is relaxed, the trade deficit with China can be reduced by about 35%.
US business community opposes
The American business community is skeptical and opposed to the Trump administration’s trade plan.
Erin Ennis, vice president of the US-China Trade Commission, said: “It is not yet clear what the government is currently using tariff policies for.”
The head of the Ministry of Commerce’s Bureau of the Law and the Law of the People’s Republic of China stated in the 22nd remarks that the US industry is generally concerned about the U.S. side’s unilateral actions and that 45 U.S.
According to the person in charge of the Department of Commerce and Industry Law, this week, 45 trade associations related to the US retail, technology, agriculture, and other consumer goods industries have signed a letter to Trump, urging the U.S. government not to impose tariffs on products imported from China. Harm the interests of U.S. businesses and consumers.
They wrote in the letter that the U.S. business community recognizes that the government is conducting a '301 investigation' on China and urges the U.S. government to adopt policies and measures that are in line with international obligations and benefit U.S. companies and investors, rather than at the expense of U.S. consumers. Damage the U.S. competitiveness.
Just on the 21st Geneva time, the WTO announced the report of the Panel of Experts on the enforcement of China's suit against the US anti-subsidy measures (DS437), which ruled that all 11 counter-subsidy measures involving the United States violate WTO rules.
The spokesperson of the Ministry of Commerce spoke on this, stating that both the original panel of experts and the appellate body in the case had ruled that the US counter-subsidy measures in violation of the WTO rules violated WTO rules and required the US to correct its violations. However, the United States still ignores the multilateral rules in the process of implementing the WTO ruling and continues. Following the practice of irregularities, the enforcement panel’s ruling once again proved that the U.S. violation of WTO rules and the repeated abuse of trade remedy measures have seriously damaged the fairness and fairness of the international trade environment and weakened the stability of the multilateral trading system.
'The Chinese side has always respected multilateral trade rules and opposed the abuse of trade remedy measures. China's enforcement action is to safeguard its own legitimate rights and interests, but also to safeguard the authority of the multilateral trading system and the seriousness of the rules.' “The US counter-subsidy measures involved in the case have repeatedly been violated by the WTO and violated multilateral rules. China urges the US to take immediate and effective action to correct wrong practices in the investigation of countervailing subsidies against China and provide Chinese companies with a fair and stable international trade environment. '
6. Yang Jinlong: US-China trade war Taiwan will be affected by three shocks
Yang Jinlong, the president of the Central Bank, warned yesterday (22) that Taiwan is a small open economy. If the US-China trade war is detonated, it will have three major impacts on the Taiwan region, especially the ICT industry.
Shen Rongjin, Minister of Economic Affairs of Taiwan, also said that once the US-China trade war begins, there are two types of manufacturers that will be affected. One is that Taiwanese manufacturers produce end products on land and sell them to the United States, and the second is to supply semi-finished products to Chinese mainland manufacturers in Taiwan.
The Central Bank of Taiwan held a meeting of supervisors and supervisors yesterday. The media is concerned about the impact of Sino-US trade war on Taiwan. Yang Jinlong stated that Taiwan, Hong Kong, Singapore, Vietnam, and Malaysia will have a greater impact. If the United States and China adopt trade protection measures, Taiwan will participate in The extent of the global supply chain is so deep that it has been hit hardest and cited the example of former Central Bank President Peng Huai Nan: 'When two elephants are fighting, be careful not to be stepped on'.
Yang Jinlong analyzed that the US-China trade war will have three major impacts on the Taiwan region. First, it will impact the iron and steel industry and the aluminum products industry in the Taiwan region. The United States intends to impose tariffs on all imported steel and aluminum products, and the United States is the first in Taiwan. The major steel export destinations and the sixth-largest aluminum product export destination will have a negative impact on the steel industry and aluminum products industry.
Second, it will impact commodity exports and economic growth in Taiwan. Last year, Taiwan’s relative import to export ratio was as high as 145%. Taiwan’s participation in global value chains was as high as 67.6%. Taiwan’s added value exports to the United States accounted for a larger share of GDP than Korea’s. In the Asian region such as the mainland, if the United States raises barriers to trade protection, the impact of direct exports from Taiwan to the United States and indirect exports to the United States through other countries will be greater.
Thirdly, Taiwan and South Korea participate in a deep global supply chain. They are directly affected by the U.S. trade protection measures against the Chinese mainland. Output reductions will be 0.8% and 0.7% of GDP, respectively, if coupled with retaliatory measures in Mainland China. With the impact, output reductions will reach 1.8% of GDP and 1.0% of GDP, respectively.