A trade war with China over lithium and lithium electricity industry impact analysis1

1. American for domestic import tariff adjustment

on May 9, 2019, the U. S. government announced that since May 10, 2019, to $200 billion listing of goods imported from China of imposing a tariff rate from 10% to 25%. Us these measures lead to china-us economic and trade friction upgrades, contrary to the consensus of the United States and China about to solve trade disputes through negotiations, damage the interests of both sides, is not in conformity with the international community generally expected.

the United States on China's $200 billion retaliatory tariffs were imposed on imported goods, lithium and lithium battery products mainly include, lithium carbonate, lithium and lithium hydroxide, lithium battery and battery pack.

lithium raw materials, according to a January 2018 in March 2019 of the customs data, nearly 15 months of lithium carbonate exports to 1. 60000 tons, of which export to the United States accounted for less than 6%; Lithium hydroxide exports to 3. 70000 tons, of which export to the United States accounted for less than 1%. China's export lithium salt and accounts for the anode materials to Japan and South Korea is larger, and the us market using lithium basic from Albemarle, SQM and FMC and other foreign companies, basic lithium and related products imported from China.

power battery, the current domestic battery factories upstream material source localization degree is high, and the industrial chain to reduce cost would choose battery accessory factories, exports co. , LTD.

the vehicle, new energy vehicles is the world's development process, China, Japan, South Korea and Europe and other countries and regions, the U. S. automakers in tesla stands alone, and mainly happen less in the supply chain system of Chinese enterprises, the imposing retaliatory tariffs influence to the development of China's new energy automobile co. , LTD. , and tesla's factory in China will further weaken the influence of the tariff.

　　2. Tariff China's impact on the domestic export related

according to the foreign trade law of the People's Republic of China regulations on the import and export tariff of the People's Republic of China and other laws and regulations and basic principles of international law, the State Council tariffs commission decision, since June 1, 0 2019, part of is originated in the United States imports increase tariffs rates. Of lithium compounds and adjust lithium battery related products are as follows:

the LiYe branch and antaike data statistics, in 2018, the year China import lithium and lithium compounds related products a total of 5. 1. 06 million tons, lithium battery and battery for a total of 25. 4. 4 billion, total amount is RMB 346. 1. 3 billion yuan. Among them, lithium and lithium compounds related products to be imported from the United States for a total of 40. Imports of 65 tons, accounting for more than 0. 796%, lithium battery and battery for a total of 616. 80000, accounting for zero than that of imports. A total of 6 for the amount of 242%, the renminbi. 2. 7 billion yuan, accounting for 1 than imports. 81%. Can be seen from the related data, therefore, China's imports accounted for the lithium and lithium related products are relatively small, a trade war with China to the lithium electricity enterprise at present.

　　3. Summary

China lithium battery export accounts for the U. S. market share is not big, on the other hand, China has a large enough digestive capacity in the domestic market, electric cars and batteries, export volumes to the United States are relatively small, so the impact on li-ion battery plate co. , LTD.

the macro aspect, the Chinese economy has more than 90 trillion yuan, economic growth is among the best in the world's major economies and consumption has contributed to 76 of China's GDP growth. Dropped 2% in export dependency, to 17. 9%, domestic demand has become a solid foundation of response to external uncertainty, more prominent structure optimization and upgrading of the good momentum.