Just last Friday, Trump suddenly announced that it would impose tariffs on Chinese goods again. At the same time, it will raise the tariff for 200 billion US dollars of Chinese exports to the United States from 10% to 25%. The Sino-US trade war that has just subsided has risen again!
As a major exporter of LED Displays, relevant data show: In 2018, the total export volume of display in mainland China was 86.86 million units, a year-on-year increase of 21.2%, a record high.
Monthly Export Volume Of China’s Mainland Monitors On 2018 And Year-On-Year
Among them, according to the number of display exports, the top six countries are the United States, the Netherlands, the Czech Republic, Japan, India and South Korea, accounting for 70% of total exports.
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?2018 China’s LED Display Export Countries Accounted
Since the beginning of the Sino-US trade war, the news from Trump and the US government has changed day by day. The Chinese LED display industry is feeling too uncertain and can’t keep up with the changing rhythm. Especially for many foreign trade-type screen enterprises, the increase in tariffs has increased from 10% to 25%.
From the immediate point of view, offsetting the recent export profits brought about by the depreciation of the RMB, it will inevitably result in the profit of the second and third quarters of many screen enterprises. The situation has a negative impact and the overall trade situation is tense.
In the long run, the United States will impose tariffs, which may prompt Chinese exporters to expand their export areas, open up broader export markets, and ensure trade balance. Such as expanding the share of export trade of the countries on the “Belt and Road”.
In fact, the United States to impose tariffs is a “two losses.” According to monitoring, as of the first quarter of 2019, bilateral economic and trade frictions have a greater impact on the United States. “200 billion US dollars of goods covered, a total of 6081 items, involving all aspects of life, a large number of goods are the United States need to import from China, such as the United States needs to import more than 50% from China which 1150 items accounting for more than 40%. That is to say, once the United States is added, the added part will ultimately be borne by American consumers.
Since the beginning of this year, China’s exports to the United States have continued to decline, and the proportion of exports to the EU and ASEAN has gradually increased. At the same time, imports from the United States accounted for less than 10%, showing a downward trend. The “Belt and Road” countries and the BRICS countries The EU, ASEAN imports accounted for a relatively high amount. There are indications that with the development of Sino-US economic and trade frictions, the effectiveness of China’s foreign trade market diversification measures has also emerged.
As we all know, many of China’s LED Display industry not only have many foreign trade-type screen enterprises, but some large-screen enterprises have more branches overseas. However, Trump has been working on “National Manufacturing in the United States” since he took office. He has repeatedly attacked Chinese local screen companies through the application of tariffs and “337 investigations”. These also warned Chinese LED Display Companies to prepare for the situation and ensure that they are not This Sino-US trade has been affected in a protracted war.
At present, with increasingly complex foreign trade environment, Chinese LED Screen Companies can only improve their independent research and development capabilities, provide products with low market substitution as much as possible, work hard on innovation, and work hard on intelligence to better cope with these “bursts”. situation!