According to the US Customs and Border Protection, the United States imposed a 25% import tariff on the first batch of 818 categories and $34 billion worth of Chinese goods on July 6 at 00:01 local time. Also on the same day, a 25% import tariff was imposed on US products of the same size.
Products related to the plastics processing industry in US taxation products:
Including injection molding machines, blow molding machines and related molds, etc.:
China's taxation of goods related to the United States and the plastics processing industry:
This list covers polycarbonate, polyester, polyamide and other materials, in which the polyamide appears several times. If the taxation is effective, in the material industry, the impact on the terminal is not small!
If the US-China trade cannot be reconciled:
Li Wei, a senior Chinese economist at Standard Chartered in Shanghai, estimates that a large-scale trade war between the US and China will reduce China's gross domestic product (GDP) growth rate by 1.3% to 3.2%, the latter estimate. For the extreme case of the US ban on importing all Chinese products. For the United States, GDP growth will be reduced by 0.2% to 0.9%.
For China, it may cut off the way China's industrial chain extends to the top, seriously delaying China's industrial transformation, and then forcing China into a 'middle income trap'. The only way to break this trap is to support the mainstream of China's economy. The high-end of the manufacturing and service industries is moving forward, and to complete it only depends on innovation.
The trade war has sounded the alarm, can you still be lucky?