In order to safeguard China’s legitimate rights and interests in violation of international obligations of the United States, the Chinese government will rely on laws and regulations of the “Foreign Trade Law of the People's Republic of China” and other basic principles of international law to protect soybeans and other agricultural products originating in the United States. , Chemical products, aircraft and other imported goods are subject to tariff levying measures, the tax rate is 25%, involving the amount of China's imports from the United States in 2017 about 50 billion US dollars. Final measures and effective time will be announced separately.
Let's take a look at some of the products in the list that involve the plastics industry:
The industry judges: The involved engineering plastics such as polyester (PET/PBT/PCT/PTT), high-temperature nylon, nylon 66, PC, flame retardant, all of which are of great importance to the plastics industry. There are many discussions in the industry:
1. The spring of domestic high-temperature nylon came;
Involving aromatic polyamides and their copolymers, as well as semi-aromatic polyamides and their copolymers, mainly high-temperature nylons and modified products. Prior to all tariffs were 10%, if the tax rate on foreign products increased, then the domestic Aggregated companies will usher in the spring, such as blonde technology, Jie Shijie, Xinhe Cheng, Dezhongtai, Henan Junheng, Sanli Benbong and so on.
2. Great influence will be exerted on the foreign-invested enterprises' modified factories in China. The important markets for engineering plastics will be price increases for automobiles, automobiles and their parts and components;
3, may cause foreign OEMs to withdraw from China. Take the mobile phone as an example, the shot factory in the country, the US source of modified materials should also pay this tax;
4, foreign-funded enterprises in China to build factories will consider more localized procurement of raw materials; but there are also informed sources that DuPont Shenzhen factory more than a decade, Rhodia used to be modified by Shenma's nylon;
5. Really develop domestic products. For peaceful times, it is better to say that once a war breaks, it is not a tax increase.
6, Chromium, phosphorus and nitrogen flame retardants, especially high-performance flame retardants, opportunities have emerged, but we also need to be more fully prepared and powerful!