13, the news broadcast broadcast an "international sharp review", which soon flooded the screen on Weibo and the circle of friends.
Shortly after the
news broadcast, the website of the Central People's Government published the announcement of the Tariff Commission of the State Council on raising the tariff rate on some imported goods originating in the United States. According to
the announcement, on May 9, 2019, the U.S. government announced that the tariff rate on the $200 billion list of goods imported from China would be raised from 10% to 25% from May 10, 2019. The above-mentioned measures of the United States have led to the escalation of Sino-US economic and trade friction, violated the consensus of China and the United States on resolving trade differences through consultation, harmed the interests of both sides, and are not in line with the common expectations of the international community.
In accordance with the Foreign Trade Law of the People's Republic of China, the Regulations of the People's Republic of China on Import and Export Tariffs and other laws and regulations and the basic principles of international law, the Tariff Commission of the State Council has decided to raise the tariff rate on some imports originating in the United States from 0:00 on June 1, 2019. In
the cement industry, cement clinker , bauxite cement and concrete pumps are on the list of commodities subject to a 25% tariff on the United States. < br/>
Fireclay, other clays, and limestone fluxes (calcareous stone commonly used to make lime or cement) are on the list of commodities subject to a 20% tariff on the United States. < br/>
White cement; Other Portland cement; Other hydraulic cement; Refractory cement, mortar, concrete and other refractory mixed products; Other cement, mortar and concrete additives are on the list of commodities subject to a 10% tariff on the United States. < br/>
Who Is Hurt by the Sino-US Trade War? Soon after the
CCTV news broadcast, the U.S. stock market opened, and the U.S. stock market fell sharply. The Dow fell 700 points at one time, or 2.6%. Since Trump announced the tax increase on Chinese imports to the United States, the Dow has fallen by more than 4.8%, and the Standard & Poor's has fallen by 4.9%. The Nasdaq fell as much as 6%. How much is this loss of market value for the United States? 2.2 trillion US dollars, or more than 15 trillion RMB. Just after CCTV's announcement, U.S. stocks fell more than 2% at the opening, falling more than 2.6% at one point, and more than $1.2 trillion disappeared! So, since Trump announced a tax increase on Chinese imports to the United States, the Shanghai A-share market has fallen by 5.7%, with a market value loss of almost 2 trillion yuan, and the loss of the United States in the stock market is seven times that of the Chinese stock market. A study by Trade Partnership, an
international trade consultancy, estimates that tariffs could cost the average American family of four $767 a year more. According to the Oxford Institute of Economics, by the end of 2020, tariffs could also lead to the loss of 200000 jobs in the United States. As far as the
cement industry is concerned, as the main source country of the US trade deficit, China's cement industry accounts for very little, but due to the macroeconomic impact, the demand side may face changes in the short term. With the rapid growth of China's economic scale, the impact of domestic demand spillover on the world has increased significantly, and China has gradually become an important provider of global demand. With the emergence of trade disputes
between China and the United States, the probability of future trade frictions may increase to a certain extent. China may vigorously develop infrastructure to offset the adverse impact on export trade, and cement demand will be supported.
Earlier, relevant Taiwanese media reported that in terms of Asian mud, the profit of Asian mud in the first quarter of this year increased by 84.4% compared with the same period last year. At present, the mainland's revenue has accounted for more than 70% of the total revenue of Xinda Cement. With the contribution of the mainland market, the consolidated revenue in the first quarter of this year also increased by 28.18% over the same period last year.
According to statistics, in the first quarter of this year, the amount of infrastructure and related investment in the mainland increased by about 10% over the same period last year. The market believes that due to the impact of the Sino-US trade war, the government is bound to increase investment in infrastructure, so the demand for cement will not decrease but increase.
Taiwan Cement said that in the Sino-US trade war, the mainland will strengthen infrastructure to stabilize economic growth, and the demand for cement can maintain a certain degree of growth. If supplemented by capacity reduction, side reform, and strict environmental protection to reduce the supply of cement, it can be expected that the price of cement should be able to maintain a certain high level. Xinda Cement, which
operates around Nanjing, pointed out that since last year, the government has increased investment in infrastructure to ease the impact of the Sino-US trade war, and the demand for related construction brought about by Nanjing Jiangbei New Area and Nanjing North Railway Station of the high-speed rail has increased.
In addition, China's imposition of tariffs on a number of cement and cement products in the United States may alleviate the impact of imported cement on the domestic market to a certain extent, and play a supporting role in stabilizing cement prices. From a
comprehensive analysis, Sino-US trade frictions or the acceleration of "the Belt and Road", domestic infrastructure is still developing steadily. As mentioned at the beginning of the article, no matter what the trend of the Sino-US trade war is, China will strengthen its confidence, face difficulties, turn crises into opportunities and create a new world.
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