Sino-us trade stop new tariffs, LED industry welcomed respite

Should have been the news recently refresh: China and the United States agree on economic and trade issues, decided to stop the upgrade tariffs and other trade restrictions. LED companies are particularly excited?

China & other; The truce & throughout;

, according to Xinhua News Agency on December 1, discusses the two heads of states of china-us economic and trade issues and reached a consensus: stop imposing new tariffs, and instructions of the two countries economic team stepped up, and in the direction of the cancellation of all tariffs, mutually beneficial win-win specific agreement.

this means that the two countries will not continue to new duties were imposed on the commodities, that is to say, the world first and second largest economies finally get rid of their differences and shake hands, lasted more than 8 months of china-us economic and trade frictions began to turn around!

then, local time on December 1, wang yi, said the two sides work team will be based on the principle of the two heads of state reached consensus, stepped up in a direction to cancel all tariffs.

lighting companies affect the geometry?

this news, what effect to the LED lighting industry?

1, the mood of the stock market high because of the influence of China and the United States to stop in new duties, the asia-pacific market early broadly higher, U. S. stock futures indexes also rose, are trend, the stock exchange that for people just like the spring.

it is important to note that this is only & other; Stop new tariffs & throughout; , but before the tax is still effective, stop new duties were imposed on a three month period. Only both sides continue to sit down and negotiate agreement to promote positive, otherwise, the variable of the U. S. government may still in 3 months after the end of the time limit to levy a tax on new goods.

2, one after another pause lighting businesses in the United States prices

according to foreign media reports, American lighting enterprise Acuity brands, issued a notification, according to the U. S. government has suspended tariffs for 90 days, so the company decided to follow up, originally scheduled for January 2 prices will not be performed.

the spread of news, according to the Current company also announced that was scheduled for January 1 the tentative price now for April 1.

since a trade war with China, the United States and China related businesses are affected by different degree, both companies are also taking the possible countermeasures. For native American lighting industry, the influence of raw material rising costs such as tariffs and, since may this year, a number of lighting companies to increase in the price of products, including Acuity brands, Eaton ( Eaton) , RAB Lighting and Current company and so on, in order to offset the rising cost pressure.

3, LED domestic enterprises seize the opportunity of breathing

the rectified in a trade war with China, the whole process of ups and downs, the serious influence on the market of China and the United States.

on March 22, 2018, the White House formally signed the memorandum of trade with China, announced that it will likely impose tariffs on imports from China's $60 billion goods, and limit the Chinese companies to invest in the mergers and acquisitions. On April 3, 2018, the U. S. trade representative's office on the basis of & other Throughout 301 survey &; Results were announced plans to impose tariffs China commodity list, involved in the value of imports from China about 50 billion dollars a year. In this round of tax, also involves actually LED a hierarchical, PCB, passive components, discrete device and semiconductor devices, etc. , but Chinese companies a smaller proportion of this kind of product exports to the United States, so little impact on the industry.

on September 18, 2018, indicating the U. S. trade representative (trump USTR) For about $200 billion of additional duties, China imports tariff will take effect in September 24, 2018, by the end of the year was 10%, on January 1, 2019 will increase to 25%. Involved in the second round of the 200 billion tax listing, LED products is wide, including LED and lighting of as many as ten items, and trade amount is relatively large. In this round of tax, a total of 33 kinds of lighting products included in the duty list. Industry, according to data by imposing tariffs lighting products exports accounted for about 75% of the total amount of China the whole lighting products export, more than 30 billion dollars; Among them to the United States exports accounting for almost 80% of China's exports to the United States the whole lighting products, more than 8 billion dollars. American lighting products in China for the first largest export destination, the tariffs with wider range of influence to China's lighting companies.

according to relevant data display, LED lighting products are exported to the United States market in China in September 26 total export quotas. 57%, a decline in August 1. 22%, a trade war with China's effect on the LED lighting products are exported to domestic market has begun to gradually appear. The stop new tariffs, LED domestic enterprises will also get a break.

4, small and medium enterprises will improve

in 2018, trade between China and America have been many changes, but appeared in December, if domestic enterprises should have the courage to take over the new foreign trade orders also need to the negotiations, in addition, the negotiations also shows that China is about to carry out further openness level determination, which China's small and medium-sized enterprises may get more opportunities, especially cross-border electricity industry.