[SMM topic] 200 billion tariff list to leak China's Resistance confidence China: completely impossible-Shanghai Metals Market

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[SMM topic] 200 billion tariff list to leak China's Resistance confidence China: completely impossible

Translation 03:13:19PM Jul 11, 2018 Source:SMM

SMM7, July 11: on July 10, US time, the Trump administration released a 10 per cent import tariff list on $200 billion worth of Chinese goods. The list includes consumer goods such as clothing, TV parts and refrigerators, as well as other high-tech products, but does not include high-profile products such as mobile phones.

"View a detailed list of $200 billion in tariff lists for exports to the United States

According to a senior government official, the $200 billion considered this time is roughly equal to China's exports to us. As for tariffs, they will not take effect immediately, but will be reviewed for a period of two months at a hearing from August 20 to 23. The official also said the tariff was mainly aimed at some products from China's manufacturing 2025 plan. Made in China 2025 is a strategic plan developed by the Chinese government to make China a leader in the world's major manufacturing industries, including technology.

"[heavyweight] US Announces tariff list on $200 billion worth of Chinese goods

The $200 billion tariff is another threat from the Trump administration since the start of the Sino-US trade war in June. such a large-scale new tariff plan has sharply escalated the already "hot war" between China and the United States. Not only that, according to Bloomberg Global Financial News, the United States is considering imposing tariffs on an additional $16 billion of Chinese goods after a public hearing later this month.

In response to repeated and repeated threats from the US Government, the Commerce Department immediately issued a statement on the US side's announcement of the proposed tariff list for China's US $200 billion exports to the United States, in which it said: "the US side has released the tax list in a way that accelerates the upgrading. It is totally unacceptable, and we protest against this by Yan Zheng. The actions of the US side are hurting China, hurting the world, and hurting themselves. this irrational behavior is unpopular. The Chinese side is shocked by the actions of the US side, and in order to safeguard the core interests of the country and the fundamental interests of the people, the Chinese Government will, as always, have to make the necessary countermeasures. At the same time, we call on the international community to work together to uphold free trade rules and the multilateral trading system and to jointly oppose trade hegemonism. At the same time, we will immediately sue the World Trade Organization for unilateralism on the part of the United States. "

In fact, on the first day of the trade war, some foreign analysts believe that once the trade war begins, large tariffs will have a great impact on relevant Chinese enterprises, and even have a certain impact on the national economy and people's livelihood. But over time, the impact of trade wars on the United States itself has been much higher than that of China. SMM7's "SMM topic: a continuing Trade War: uncle Sam may face a recession" details the impact of the trade war on US companies, particularly US carmakers, agricultural products and energy industries. According to the Bank of England's model, if tariffs rise by 10 percentage points between the US and all its trading partners, it could reduce US output by 2.5 per cent and global output by 1 per cent through trade channels alone, in the worst case. It could slow US output by 5 per cent over a three-year period. This means that the US plan to raise tariffs will eventually have to hit itself in the foot.

As the two major trading bodies in the world, it should be actively complementary, but because of the prevalence of American populism, the economic and trade policy of the United States towards China is on the road of no return. Under the threat of Mr Trump's continued madness, some analysts believe the US could step up further and even raise additional taxes on all Chinese exports to the US.

Mei Xinyu, a researcher at the Institute of International Trade and Economic Cooperation of the Ministry of Commerce, said: "China can carry the extreme impact of the trade war!" He believes this is not only because China has a huge domestic market, but also because we can keep a significant portion of the US market in a trade war and try to open up new overseas markets. At the same time, the bulk goods imported by China from the United States do not have a very high market share in China, with a maximum of about 30 percent, more than 10 percent or 20 percent, and have a strong substitutability. China can easily obtain alternative sources of goods from Russia, Argentina, Brazil and other countries.

Today, China is the only country in the world with all the industrial sectors. with a sound industrial system, a healthy industrial chain ecological structure, and a huge domestic demand of 1.4 billion people, China has the ability to resist the most extreme economic environment. According to CCTV news reports, 91 percent of China's economic growth comes from domestic demand, 60 percent of which is driven by consumption, which is escalating and the market is full of vitality. At the same time, the number of innovative enterprises in China ranks second in the world, and innovation-driven development makes the Chinese economy more resilient. In addition, China has always opened wider to the outside world in accordance with its established strategy, greatly enhancing the confidence of the outside world. This means that even in the most difficult times, the Chinese economy can achieve an internal cycle.

From the 301st survey to the establishment of the target list, from the official war of $34 billion to the $200 billion new plan today, the Trump administration's near-madness and hegemonic fantasies may eventually end with the wake-up call of the United States.

"Ministry of Commerce: shocked by US behavior, China will have to make the necessary countermeasures

"View a detailed list of $200 billion in tariff lists for exports to the United States

"State Media: strive to minimize Trade War losses the Chinese Government will continue to optimize the stop loss Program

"[heavyweight] US Announces tariff list on $200 billion worth of Chinese goods

"[heavyweight] Trade War escalates again, Metals fall across the board, Shanghai Zinc falls, RMB depreciates sharply

"200 billion dollars under the impact of the new tariff list under the impact of the stock exchange double kill! What do people in the industry think?

Key Words:  Tariffs  trade wars  China  the United States 

[SMM topic] 200 billion tariff list to leak China's Resistance confidence China: completely impossible

Translation 03:13:19PM Jul 11, 2018 Source:SMM

SMM7, July 11: on July 10, US time, the Trump administration released a 10 per cent import tariff list on $200 billion worth of Chinese goods. The list includes consumer goods such as clothing, TV parts and refrigerators, as well as other high-tech products, but does not include high-profile products such as mobile phones.

"View a detailed list of $200 billion in tariff lists for exports to the United States

According to a senior government official, the $200 billion considered this time is roughly equal to China's exports to us. As for tariffs, they will not take effect immediately, but will be reviewed for a period of two months at a hearing from August 20 to 23. The official also said the tariff was mainly aimed at some products from China's manufacturing 2025 plan. Made in China 2025 is a strategic plan developed by the Chinese government to make China a leader in the world's major manufacturing industries, including technology.

"[heavyweight] US Announces tariff list on $200 billion worth of Chinese goods

The $200 billion tariff is another threat from the Trump administration since the start of the Sino-US trade war in June. such a large-scale new tariff plan has sharply escalated the already "hot war" between China and the United States. Not only that, according to Bloomberg Global Financial News, the United States is considering imposing tariffs on an additional $16 billion of Chinese goods after a public hearing later this month.

In response to repeated and repeated threats from the US Government, the Commerce Department immediately issued a statement on the US side's announcement of the proposed tariff list for China's US $200 billion exports to the United States, in which it said: "the US side has released the tax list in a way that accelerates the upgrading. It is totally unacceptable, and we protest against this by Yan Zheng. The actions of the US side are hurting China, hurting the world, and hurting themselves. this irrational behavior is unpopular. The Chinese side is shocked by the actions of the US side, and in order to safeguard the core interests of the country and the fundamental interests of the people, the Chinese Government will, as always, have to make the necessary countermeasures. At the same time, we call on the international community to work together to uphold free trade rules and the multilateral trading system and to jointly oppose trade hegemonism. At the same time, we will immediately sue the World Trade Organization for unilateralism on the part of the United States. "

In fact, on the first day of the trade war, some foreign analysts believe that once the trade war begins, large tariffs will have a great impact on relevant Chinese enterprises, and even have a certain impact on the national economy and people's livelihood. But over time, the impact of trade wars on the United States itself has been much higher than that of China. SMM7's "SMM topic: a continuing Trade War: uncle Sam may face a recession" details the impact of the trade war on US companies, particularly US carmakers, agricultural products and energy industries. According to the Bank of England's model, if tariffs rise by 10 percentage points between the US and all its trading partners, it could reduce US output by 2.5 per cent and global output by 1 per cent through trade channels alone, in the worst case. It could slow US output by 5 per cent over a three-year period. This means that the US plan to raise tariffs will eventually have to hit itself in the foot.

As the two major trading bodies in the world, it should be actively complementary, but because of the prevalence of American populism, the economic and trade policy of the United States towards China is on the road of no return. Under the threat of Mr Trump's continued madness, some analysts believe the US could step up further and even raise additional taxes on all Chinese exports to the US.

Mei Xinyu, a researcher at the Institute of International Trade and Economic Cooperation of the Ministry of Commerce, said: "China can carry the extreme impact of the trade war!" He believes this is not only because China has a huge domestic market, but also because we can keep a significant portion of the US market in a trade war and try to open up new overseas markets. At the same time, the bulk goods imported by China from the United States do not have a very high market share in China, with a maximum of about 30 percent, more than 10 percent or 20 percent, and have a strong substitutability. China can easily obtain alternative sources of goods from Russia, Argentina, Brazil and other countries.

Today, China is the only country in the world with all the industrial sectors. with a sound industrial system, a healthy industrial chain ecological structure, and a huge domestic demand of 1.4 billion people, China has the ability to resist the most extreme economic environment. According to CCTV news reports, 91 percent of China's economic growth comes from domestic demand, 60 percent of which is driven by consumption, which is escalating and the market is full of vitality. At the same time, the number of innovative enterprises in China ranks second in the world, and innovation-driven development makes the Chinese economy more resilient. In addition, China has always opened wider to the outside world in accordance with its established strategy, greatly enhancing the confidence of the outside world. This means that even in the most difficult times, the Chinese economy can achieve an internal cycle.

From the 301st survey to the establishment of the target list, from the official war of $34 billion to the $200 billion new plan today, the Trump administration's near-madness and hegemonic fantasies may eventually end with the wake-up call of the United States.

"Ministry of Commerce: shocked by US behavior, China will have to make the necessary countermeasures

"View a detailed list of $200 billion in tariff lists for exports to the United States

"State Media: strive to minimize Trade War losses the Chinese Government will continue to optimize the stop loss Program

"[heavyweight] US Announces tariff list on $200 billion worth of Chinese goods

"[heavyweight] Trade War escalates again, Metals fall across the board, Shanghai Zinc falls, RMB depreciates sharply

"200 billion dollars under the impact of the new tariff list under the impact of the stock exchange double kill! What do people in the industry think?

Key Words:  Tariffs  trade wars  China  the United States