Chinas 7 daily daily news network, August, said China was aimed at a new round of counterattacks on the governments plan to expand tariffs, to impose a maximum of 25% tariffs on 60 billion goods sold in China to China, and to repeat LNG for the sale to China, and the hardwood exporters in the United States have cried loudly.
According to Bloomberg News in August 4th, Chinas new round of anti system products, ranging from natural gas to chicken breast, is wide, and plans to impose a 25% tariff on imported US liquefied natural gas. It is a trade war that is the first to be involved in the United States and China, and will be impacted by American liquefaction, including Cheniere energy company and Tellurian company. Natural gas merchants. In addition, it has also made the raw materials from oak to board all involved in trade war, and half of the hardwood products in the United States are sold out, and most of them are sold to China.
I dont want to use the worddisasterbut its going to be very, very painful for the industry, said Snow, managing director of the American Hardwood Export Association. He said that the US shipment to China last year included $1 billion 600 million hardwood lumber, $800 million hardwood logs and $260 million lumber. Almost all hardwood manufacturing companies in the United States are small family businesses, making the relevant market more vulnerable.
Bloomberg analysis believes that when US President Trump threatened to impose tariffs on goods sold to the United States in March, trade experts warned that the two countries bilateral trade action will be deteriorating, and now it seems to have come true, and counter attacks become normal. In retaliation for Trumps intention to impose further tariffs on $200 billion of Chinese goods, China announced Tuesday that it would impose tariffs on $60 billion of American imports.
According to a July survey by the Supply Management Association, U.S. manufacturing is considering expanding overseas investment to avoid widening trade conflicts. This idea will impact business investment, and business investment is the main reason for the USs highest growth in the past 4 years.
It is reported that Selig, the BridgeParkAdvisors management partner of the consultancy, and the Obama administrations period as the head of the US Commerce Department in charge of international trade, said the Trump administration might overestimate its own capacity to pressure China. Selig said: it is a miscalculation to think that China will yield.
Bloomberg also made a brief summary of the impact of Chinas new round of counterattack on us commodities.
Liquified natural gas
Chinas proposal to impose a 25% tariff on imports of liquefied natural gas from the United States was a blow to the fledgling U.S. business.
This is the first time that LNG has been involved in an expanding trade war, and billions of dollars will be left hanging. The Chanil energy company (CheniereEnergy) suffered a fall in the stock price, which began to export from the US natural gas market in excess of supply in February 2016.
China proposes to impose a 25% tariff on copper and copper concentrate in the United States. Last year, the United States exported about 70 thousand tons to China. This figure is negligible to China, which imported 17 million tons last year, according to the U.S. Census Bureau.
Copper is an international market and is much less dependent on regional trade flows, so no tariff in any one region has a significant impact on the market, Jefferies analyst La Femina told Bloomberg on the phone.
Most of the major crops in the United States have been affected by Chinas previously published tariff, so the 3 - day plan to impose tariffs on about $60 billion US goods has little impact on agricultural products. Soybean oil and other products on the latest list do not export much to China. Turkey and chicken breasts are also on the list, but China has banned the import of American poultry since 2015.
Electric / renewable energy
China plans to impose a 25% tariff on solar cells made in the United States, but the worlds largest producer of solar cells imports very little.
It is noteworthy that polysilicon, the main element in solar cell production, is not on the latest list, and the United States does export polysilicon to China. This may be because Chinas tariff rate on U.S. polysilicon has been as high as 57% over a four-year photovoltaic trade dispute.
The oil was unaffected. Crude oil and refined oil are not included in the list. However, according to a person familiar with the matter, Sinopec is alleged to have postponed the purchase of US crude oil because of the unclear customs situation.
According to Bloomberg, it is clear that the most influential commodity is the LNG trade.
The source of this article: Reference News Editor: Xun Jianguo _NN7379