Sino-us trade stop new tariffs will be what influence on the LED lighting industry?

On December 2, the Xinhua News Agency said in a news release, local time, on the evening of December 1, the two leaders reached a consensus on the bilateral economic and trade issues. The two sides decided to stop the upgrade tariffs and other trade restrictions, including no longer improve existing tariff rates against each other, and no other goods new tariffs. This means that the two countries will not continue to new duties were imposed on the commodities, that is to say, lasted more than 8 months of china-us economic and trade frictions began to turn around! What effect does the news, for the LED lighting industry? Higher across the board of the stock market is influenced by 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 just 'stop new tariff', but before the tax is still effective, stop new duties were imposed on a 3 months 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. Successively to suspend price increases since a trade war with China lighting businesses in the United States, the United States and China related businesses are affected by different degree, LED related businesses are also possible response measures. From may this year, the number of lighting companies to increase in the price of products. Pause after add tariff, China and the us companies have announced the suspension of price increases. According to foreign media reports, the Current public also announced that was scheduled for January 1 the tentative price now for April 1. Published a notice on December 5, Acuity, announced the suspension of prices. In the notice said: 'in November, because our product cost increase, including the effects of tariffs, we announced that it raised prices on January 2, 2019. On December 1, but in China and the United States in the trade negotiations, after the government announced a trump, during the trade negotiations continue, namely suspended in new duties within 90 days. Therefore, we now not for 1 month price plan. Previously announced and execution of all other measures for price increases have been full effect, and will continue to be implemented. If the tariff increases in 90 days, we will be announced before the price increase 15% in this period of time to implement. 'U. S. tariffs 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 according to the results of '301 investigation', announced plans to tariffs on Chinese goods 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.