Sino US Trade War Reignited! The United States Announced That It Would Raise Tariffs Of $550 Billion. China's Strong Return!

In August 24th, the US side announced that it would raise tariffs on Tariffs of about 550 billion US dollars on Chinese exports to the United States. China firmly opposes this. Such unilateral, bullying trade protectionism and extreme pressure act, contrary to the consensus of heads of state of China and the United States, violating the principle of mutual respect, equality and mutual benefit, seriously undermining the multilateral trading system and the normal international trade order, and will surely take its own fruit.

China strongly urges the US side not to misjudge the situation, do not underestimate the determination of the Chinese people, and stop the wrong practices immediately, otherwise all the consequences will be borne by the US side.

News broadcast "5 strikes": Insist on the pressure of customs duties.

In the evening of August 24th, CCTV news broadcast 5 rounds of disclosure revealed that the US side was trying to continue to play the part. At the same time, it indicated that China would never give in on major principles, and insisted on the pressure on tariffs.

1. People's daily bell article: China's firm stance against aggression will never waver.

According to the news broadcast, the people's Daily published in August 25th will publish a bell article entitled "China's firm and unyielding stand".

The article said that in August 23rd, the US side announced that it would levy tariffs on about 550 billion US dollars in goods exported to China. The world all sighs that some people in the United States continue to violate the consensus of the heads of state of China and the United States, violate the principle of mutual respect and equality and mutual benefit, and do not fear the Behavior Anomie as the world's largest economy, which will bring destructive consequences to the international order and the world economy.

The article points out that the Chinese side made a rational and restrained counterdecision against the unilaterally provoked and escalating economic and trade frictions between China and the US side, which is forced to take action, which is totally different from the nature of the US provocation. China has the confidence to go its own way and run its own affairs and resolutely oppose any provocative position of the US side.

2, the international sharp review "rational counter system resolutely counterattack irrational pressure".

Sharp commentary pointed out that for the US side announced that it would levy 10% tariffs on 300 billion US dollars in China's exports to the United States, the Chinese side had to introduce specific Countermoves on the 23 th. In this regard, the US side threatened to escalate tariff retaliation. This irrational attitude shows that it is unprepared for China's resolute counterattack and attempts to exert pressure on the Chinese side by continuing to play the part.

Some people in the United States frequently waved tariff sticks and willfully implemented trade bullying, but they did not allow trading partners to safeguard their own interests in accordance with international rules in a reasonable and lawful way. I could put pressure on you alive, but you can not counter me. This logic is absurd and extremely overbearing.

China will never develop itself at the expense of other countries' interests, but will never give up its legitimate rights and interests. Any extreme pressure is useless to China. China's counter measures are precise, rational and internal and external, so as to minimize the impact of counter measures on domestic people and enterprises.

Rui commented that no matter what actions the US side will take next, China will resolutely and rationally respond. The Chinese side is willing to cooperate in resolving disputes, but never compromise on major principles, and resolutely follow the pressure on tariffs. The US side should not make any further misjudgments.

3, Xinhua News Agency commented: The resilience of the economy is China's greatest strength to resolutely oppose it.

The article points out that in the face of China's latest trade counter measures, the US side claims that it will raise tariffs on about 550 billion US dollars in goods exported to China. This naked trade protectionism and extreme pressure act, contrary to the consensus of the heads of state of the two countries, has exposed the true face of American trade bullying. China firmly opposes this.

More than a year's economic and trade frictions between China and the United States have convinced us that the strong and strong potential of China's economy is the greatest strength of our resolute counteraction and our confidence in bravely advancing without fear. After 70 glorious years, time has long proved that the trend of China's long-term economic development will not change. China will unswervingly run its own affairs without any power to stop China's development.

4, Guangming Daily published the signed article "China's backbone, China's bottom line and China's ambition: The source of faith and the source of faith in the Sino US economic and trade frictions "

Guangming Daily published the article "Guan Ming Wen" signed in August 24th. The title is "China's backbone, China's bottom line and China's ambition: It is the source of faith in the Sino US economic and trade frictions.

The article points out that in the face of the recent escalation of trade frictions against China by some US people, China's response is firm and forceful. Where is the future of equal dignity and independent development without courage and struggle? The pressure of any extreme pressure is not the alarm and yield, but the indomitable spirit of the Chinese nation, the undaunted spirit and the ambition to make every effort to attack.

China has backbone. In the past 70 years since the founding of new China, it has seen all kinds of international waves and has crossed countless development prospects. The bullying of the United States can only make us look forward to a long distance. China has the bottom line. In the face of the test, China's economy shows strong resilience, sufficient potential and ample room for maneuver. China has aspirations. In the face of extreme pressure, China's steadfast and rational counteraction is not only a need to safeguard the fundamental interests of the state, but also to safeguard fair and equitable international economic and trade rules and global governance order.

No one can stop the yearning of the Chinese people for a better life. As long as we firmly strengthen the inherent strength, ambition and ambition of the Chinese nation, we will win the final victory of justice and axiom in this contest of will and win a better future.

5, experts believe that our counterpart measures to be taken both inside and outside should be considered carefully and comprehensively.

First of all, counter measures continue the strategy of precision strike and fully consider the countereffect. From the specific content of the list, not only soybeans, corn, cotton and other agricultural products, but also for the first time joined the crude oil, coupled with the recovery of taxes on cars and parts. After the announcement of counter measures in August 23rd, US stocks fell.

In addition, the counter measures taken by our country also take full account of the substitutability of tariffs.

At the same time, the counter measures did not include drugs, medical devices and other products into the tariff collection list. It has reduced the impact on our people's lives and enterprises, reflecting the accuracy and effectiveness of the counter measures.

Experts believe that because the US side intends to impose tariffs on Chinese products, there is little alternative, which means that the majority of US producers and consumers will pay for new tariffs.

China yesterday's third round against the US, and US stocks fell sharply.

As we all know, some people in the United States are willing to sacrifice the interests of the American people at all costs, destroy the international image of the United States, repeatedly violate the consensus of heads of state of China and the United States, and brandish the tariff rods without reason and without restraint. Since May this year, Sino US economic and trade frictions have suddenly escalated.

Since May 10th, the United States has increased the tariff rate on goods imported from China for 200 billion US dollars from 10% to 25%. Since then, it has announced that 10% tariffs will be imposed on about 300 billion US dollars imported from China, and two batches will be implemented in September 1st and December 15th this year.

On the evening of August 23rd, the State Council Tariff Commission issued two announcements, one was to impose tariffs on imported goods originating in the United States, and the two was to impose tariffs on cars and parts originating in the United States. Two

According to the people's daily, Gao Lingyun, a researcher at the Institute of world economics and politics of the Chinese Academy of Social Sciences, said that China issued two counteracting lists. The list corresponds to a list that the United States intends to take effect in September 1st. The main products include soybeans, Chinese herbal medicines and crude oil for the first time, including four parts, of which first, second are added 10% duties and third, fourth are 5% duties.

Listing two corresponds to the list that the United States will take effect in December 15th, mainly including cotton, aquatic products, auto parts and so on. The two list is about 75 billion dollars.

Gao Lingyun analyzed that in September 1st and December 15th, the United States increased the demand tax for us consumers, and the demand elasticity was much lower than that of the first two rounds of tax increases. "That is to say, after the United States imposed tariffs on these commodities, most of the tariff burden is borne by the producers and consumers of the United States, because they can find very few alternatives, but the impact on Chinese enterprises is very limited. "

According to the customs code of the United States, all tariffs are paid by importing enterprises. Of course, these enterprises will find ways to gradually transmit their tax burden to the downstream and to the consumers, thereby pushing up the level of American production prices and consumer prices. "Examples of this area are everywhere.

For example, at present, the us ten year bonds and the two-year bond yields are upside down, the sales of RV sales are declining, and the manufacturing PMI has been below the ups and downs line, etc., all of which prove that the US side's unreasonable pressure on China and our counterpart have already had a very adverse impact on the United States. In general, what some Americans do is harmful to others and not selfish. Gao Lingyun said.

Influenced by factors such as Sino US economic and trade frictions, the three major U.S. stock indexes fell sharply on Friday. The Dow Jones index fell 2.37% to 25630.05 points, the S & P 500 index fell 2.59%, closed at 2847.25 points, and the NASDAQ index fell 3%, closing at 7751.77 points.

There is only less than a week left from the traditional "Kim Gu". At this point, whether the Sino US trade frictions will escalate again will affect the peak season?

Xiao Bian thinks little of it.

01

PTA "do not follow suit", still support for the market.

After the announcement, the domestic futures market responded fairly to the announcement. As of 23 days, the 2001 main contract closed at 5116 yuan / ton at the end of the day on the day of PTA, compared with the settlement price of the previous trading day, a slight increase of 4 yuan / ton, or 0.08%.

This is obviously different from the style of PTA. In general, PTA is very affected by the news. The Sino US trade friction has escalated, but PTA has not taken the "ordinary road", nor has it been expected to "fall below 5000 points". It shows that its drop in space is limited. On the other hand, the "big guys" do not want PTA to fall to the bottom, especially its profit, which is now 389 yuan / ton, compared with 1787 yuan / ton in July, it has fallen.

02

Polyester filament is expected to stabilize

The price of PTA will directly affect the price of polyester filament.

Since the beginning of this year, raw materials can be described as "sadness everywhere". The price of polyester filament has reached the status of the year, especially polyester POY150D, the current price is 7760 yuan / ton, compared with the same period last year, a decrease of 31.3%. At the same time, polyester DTY and polyester FDY also fell to varying degrees.

If this decline is estimated, the drop space of polyester filament is also limited. In addition to this tense environment, PTA has a rising trend, which has certain support for the price of polyester filament.

03

The trading atmosphere eased and the regular replenishment was around the end of the month.

Recently, the loom rate has gradually increased in Shengze area. According to the sample enterprises monitored by China silk net, the loom rate in Shengze is near 80%, and the inventory of grey fabric has dropped to about 41 days.

At the same time, the market has eased at the recent stage, and there have been some explosion phenomena in some dyeing factories. In addition, the dyeing fees in Zhejiang have also been increased. Generally speaking, only the market has improved, and the dye factories have the bottom gas price increase. The fabric market also has a partial hot phenomenon, especially the elastic fabric turnover has been significantly enlarged, and the hot products are mainly T400 and T800.

Now, near the end of the month, all weaving manufacturers will make up the warehouse operation, and at present, the rate of loom start up has increased, and the market has improved. The purchasing power of raw materials will be greater than that in the off-season. In the present form, the impact of single news on weaving factories may not be great.

04

Sino-US trade has been procrastinating, psychological level has been used.

After the announcement, the international market reaction is more obvious, and the domestic market reaction is relatively plain. It is clear that the enthusiasm of investors and capital markets for the Sino US issues is weakened, even if the impact is long-term.

Sino US trade has been going on for more than a year, and its impact on textile enterprises is actually more psychological than the actual situation, and has become used to them. Whether enterprises are exporting or purchasing raw materials, they already have their own set of countermeasures.

This year's textile market has been described as "the worst year" because of the overcapacity. The Sino US trade is no doubt worse than ever, and it has been shut down for a long time.

To sum up, Xiaobian believes that the impact of the escalation of Sino US trade on the traditional peak season of textile industry is not great. After the silence for six months, the market has already been slowly moving. It is evident that the demand for terminal has increased, while Sino US trade is only a small part of the market, and can not be generalized. (part of the source: Xinhua news agency, chemical fiber headlines, China silk net, global textile network consolidation)