According to data from the General Administration of Customs, the US Department of Trade and the Zheshang Securities Research Institute, the electronic products related to this list mainly include consumer parts such as TV components, refrigerators and other high-tech products, such as glass and its products, printed circuits and communications. Related, LCD and LED related, base metal and its products, but the attention of mobile phones is not among them.
Looking back on the past, the Sino-US trade 'spoken war' has been in existence for a long time. Since last year, Trump has threatened to impose tariffs on Chinese exports to the United States on the grounds of 'unfair trade practices' and 'China’s infringement of US intellectual property rights'. In response to the Chinese government's 'strong' response, this 'spoken war' finally evolved into a 'real gun' on Friday (July 6).
On July 6, the Trump administration announced that the US government will impose a 25% increase on US$34 billion worth of goods (of which about US$20 billion, accounting for about 59% of the products of foreign-invested companies in China), involving products. Including machinery, accessories, electronics, agricultural ploughs, machine tools and communications satellites. In addition, the United States is also preparing to impose tariffs on Chinese imports of electronic products and other accessories worth $16 billion. Trump hopes to threaten the Chinese government to make concessions. The Chinese government has levied the same proportion of tariffs on goods of the same value in the United States, including soybeans and automobiles, in response to this!
On July 10th, the Trump administration announced once again that it would impose a 10% tariff on China's 200 billion US dollars of goods. This is obviously another counterattack against China's 'not yielding' attitude!
In response, the spokesperson of the Ministry of Commerce of the People's Republic of China responded by saying: 'It is totally unacceptable for the US to publish the tax collection list in an accelerated upgrade. We express our solemn protest. The US actions are hurting China and hurting the world. It is also hurting itself. This irrational behavior is unpopular.'
'China is shocked by the actions of the US. In order to safeguard the core interests of the country and the fundamental interests of the people, the Chinese government will, as always, have to make the necessary counter-measures. At the same time, we call on the international community to work together to safeguard free trade rules and multilateral trade. System, common against trade hegemonism. 2000 At the same time, we will immediately file an additional lawsuit against the US unilateralist behavior to the World Trade Organization. 'The Ministry of Commerce spokesperson stressed.
It can be seen that China's 'unyielding' attitude will make this trade war more protracted.
However, internal news from the US shows that this list will not be implemented immediately, and the results of the consultation will have to wait until August 30. On the evening of July 10th, US Eastern Time, a senior Trump government official held a telephone conference and said that The new round of tariff measures will be subject to public comment and a hearing will be held from August 20th to 23rd. The Trump administration will take further decisions after the end of the public comment period on August 30th.
The official also said that the tariff is mainly for some products from China's manufacturing 2025 plan. 'Made in China 2025' is a strategic plan formulated by the Chinese government to make China a major global manufacturing company including technology. Industry leader. When preparing a list of commodities, the US trade representative considered factors that could cause damage to the Chinese economy.
How will the future evolve in this tug-of-war?
Since the Sino-US trade war has started, it has aroused widespread concern from all walks of life both at home and abroad. Although the US government has repeatedly pointed its attention to the Chinese side, it has asked the Chinese side to 'stop unfair practices, open markets, and carry out real market competition', but many media and senior industries. People said that the unreasonable behavior of the US will be self-sufficient in this 'war.'
This was confirmed shortly after the release of the US-200-dollar tax collection list: As of 19:48 on July 10, the US Dow Jones Industrial Average futures fell 227 points, the Standard & Poor's 500 Futures Index And the Nasdaq futures index fell by 20 points and 50 points respectively. Offshore RMB against the US dollar fell to 350 points, as of 19:58 to 6.6825.
Some analysts have pointed out that the new tariff measures are expected to have a more direct impact on US consumers and may trigger conflicts on trade wars.
In fact, when the US imposed tariffs on Chinese goods in the first round, the US Senate Finance Committee Chairman Orrin Hatch condemned the US behavior as 'reckless' rather than 'targeted'. The IMF also warned that a comprehensive trade war could undermine the widest global economic recovery over the years.
Before the new sanctions list came out, Trump warned that if the Chinese government retaliated against the $34 billion tariff that began on Friday, he might impose tariffs on at least $500 billion in Chinese goods. President Pu issued a threat, but after implementing $34 billion in sanctions against China last week, China still imposed retaliatory tariffs on the United States.
Up to now, although the US has only announced a new tax collection list of 200 billion US dollars, it is still unclear whether it will impose tariffs on China’s entire 500 billion US dollars in US exports. However, it is certain that China’s The unequal trade means will never compromise, so it can be concluded that this trade war will be difficult to calm down in a short period of time. As for how the US will eat its own fruit, we will wait and see.