Monday, December 23rd 2019
China Cuts Import Tariffs on Some U.S. Tech, Could Impact Electronic Goods Prices
China announced that it will reduce import tariffs on several U.S. commodities, including certain kinds of technology. This is a sign of easing tensions between the United States and China on its devastating trade-war waged between 2017-19 that wiped billions of Dollars of value from the capital markets and saw increases in prices of goods around the world. The exhaustive list of 859 commodities covers raw materials for a variety of polymers and plastics found in consumer durables, raw materials for energy storage devices, certain kinds of semiconductor manufacturing equipment, photo and video imaging equipment (camera components), LCD and OLED display components. There are hundreds of other commodities from other industries, covering food, industrial automation, and agriculture.
The items on China's updated import tariffs list amounts to some USD $389 billion in annual trade, or about 18 percent of China's annual imports. The cuts in import tariffs are expected to not just benefit U.S. exporters to China, but also stimulate similar import tariff cuts from the U.S. in response. China has an insatiable appetite for camera equipment, and has eased imports of OLED and certain semiconductor manufacturing equipment, which could have a trickle-down effect on the tech industry. Find the complete schedule of goods with updated import tariffs here. We've machine translated relevant pages in the screenshots below.
Source:
Bloomberg
The items on China's updated import tariffs list amounts to some USD $389 billion in annual trade, or about 18 percent of China's annual imports. The cuts in import tariffs are expected to not just benefit U.S. exporters to China, but also stimulate similar import tariff cuts from the U.S. in response. China has an insatiable appetite for camera equipment, and has eased imports of OLED and certain semiconductor manufacturing equipment, which could have a trickle-down effect on the tech industry. Find the complete schedule of goods with updated import tariffs here. We've machine translated relevant pages in the screenshots below.
17 Comments on China Cuts Import Tariffs on Some U.S. Tech, Could Impact Electronic Goods Prices
In that sense, I don't fault China a bit. They are just filling a market need. I fault the schmucks who buy the knock offs and then complain about the economy and jobs.
Clinton, scratch that, Bush 41 has had zero backbone to have any success in getting China to acquiesce to fair trade. No one has had any success without taking it to the limit. Do some research first before commenting on International Affairs and stop getting political. There was nothing political in the news OP.We are turning a blind eye to the working conditions of people over there as well as technological know how transfer from west to there. Just so we can produce and sell it 10 dollar cheap. We might not see the implications of it at present but very soon in the future we will, and we will all be hitting our heads to the wall because of it.
Screw environment, screw overpopulation, screw declining quality of life. Just think of the almighty Dollars. Of which you won't see many, because it's corporate Dollars we're talking about, but oh well ;)