Sino-US Trade Friction Upgrading, Impact On Domestic Tape Manufacturers And Coping Strategies

- Apr 08, 2018 -

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On the afternoon of April 3, local time, the U.S. Trade Representative’s office published on the website a list of China’s imported goods that are subject to tariffs. The list contains about 1300 independent tariff items covering aerospace, information and communications technology, robotics, and machinery industries, valued at about $50 billion, and the proposed tax rate is 25%. This is the latest action of the "301 investigation" initiated by the U.S. Trade Representative Office on August 18 last year in accordance with article 301 of the U.S. "Trade Law of 1974." Come and not be indecent as well. China will immediately appeal to the WTO dispute settlement mechanism. At the same time, according to China's relevant regulations, equal measures and equal-scale equivalence measures will be adopted for American products. According to the “Circular of the Customs Tariff Commission of the State Council on the Duty Reduction and Compulsory Obligation of Certain Import Commodities Originating in the United States” issued by the Customs Department of the Ministry of Finance, the adjustment of the tariff policy is aimed at safeguarding China’s interests and balancing the import of steel and aluminum products by the United States. To impose tariffs on our country’s interests. The notification clearly states that China imposes duties on seven categories of 128 imported commodities originating from the United States to suspend tariff reduction obligations, imposes tariffs on the basis of the current applicable tariff rates, and imposes a tariff rate of 15% on 120 imported products such as fruits and products. A tariff rate of 25% was imposed on eight imported goods such as pork and products. The current policy of tax-free and tax-exemption remains unchanged.

   


 Then, in the ever-escalating trade frictions between China and the United States, how do the Chinese tapes include the sealing tapes, acetate tapes, and high-temperature tapes? At present, from the point of view of the US tax-raising products for China, most of them are concentrated in areas such as communications, artificial intelligence, and machinery. The tape industry has not been directly included in the ranks of the tax increase, so this will not result in temporary export of Chinese tapes. Great influence. The export share of sealing tapes and high-temperature tapes produced by Chinese tape manufacturers has increased year by year in recent years, but the overall share of the tapes exported to the entire tape market is still very small. At present, China's tape industry is still dominated by the domestic market. The trade war between China and the United States will not have much impact on the tape industry in China.

   

 The above is an interpretation of the impact of the Sino-US trade war on the Chinese tape industry. I would like to represent my personal point of view. Just for your reference!