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China and the United States trade war "truce" plastic market wait and see

  • Categories:Company news
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  • Time of issue:2018-12-15 10:15
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(Summary description)On December 1, 2018, the two paragraphs of the Xinhua News Agency's draft: The two sides decided to stop escalating tariffs and other trade restrictions...

China and the United States trade war "truce" plastic market wait and see

(Summary description)On December 1, 2018, the two paragraphs of the Xinhua News Agency's draft: The two sides decided to stop escalating tariffs and other trade restrictions...

  • Categories:Company news
  • Author:
  • Origin:
  • Time of issue:2018-12-15 10:15
  • Views:
Information

On December 1, 2018, the two paragraphs of the Xinhua News Agency's draft: The two sides decided to stop escalating tariffs and other trade restrictions, including no longer raising the existing tariff rate against each other, and not introducing new additional tariffs on other products. Measures!

The two heads of state instructed the economic and trade teams of both sides to intensify consultations and reach an agreement to cancel the tariffs imposed this year, so as to push the bilateral economic and trade relations back to normal track as soon as possible and achieve win-win results!

At the same time, the statement issued by the US also made it clear:

1. The Sino-US trade war will no longer escalate, and the two sides will no longer impose new tariffs.

2. After January 1, the initial US tariffs on China ’s 200 billion US dollars of goods remained at 10% instead of the previously announced 25%.

3. The two sides will strengthen consultations, Once an agreement is negotiated, all tariffs imposed this year will be eliminated.

 

Needless to say, this is a very positive and significant progress, although new twists and turns will not be ruled out later. Throughout the past half a year since the outbreak of the trade war, it was really climaxing and thrilling.

China's determination and position to defend its core interests are consistent and rock-solid. Counting this, this unprecedented trade game, from spring to winter, has been more than half a year. Since March 23, 2018, the Sino-US trade war has been endless!

In the list of Sino-US mutual tariffs, the plastic products involved are PA (polyamide) , PC (polycarbonate) , PVC (polyvinyl chloride) , ABS (acrylonitrile-butadiene-styrene plastic) , PE (Polyethylene) , PP (polypropylene) , acrylonitrile, propylene and other chemical products.

The two sides of this trade war can be described as losing both sides, and once affected the domestic plastic product price trend. Now the eight-month trade war between China and the United States has been suspended. The two heads of state have reached a consensus: to stop imposing new tariffs on each other and promote the return of bilateral economic and trade relations To the normal track, in addition, OPEC will reduce production, which will have a certain boost.

In this struggle, a prominent position is: China ’s determination and position to defend its core interests is consistent and rock-solid. Even if it is facing the United States, as long as it violates the bottom line, we will inevitably fight back, and it is a strong counterattack .

 

All the past is the prologue

2018 is coming to an end, and we will look back a few years later. This is indeed a crucial year for China.

At the APEC Business Leaders ’Summit held not long ago, a word from China ’s top leader won the world ’s applause. He said this:

History tells us that if we embark on a road of confrontation, whether it is a cold war, a hot war or a trade war, there will be no real winners. As long as countries treat each other as equals and understand each other, there will be no problems that cannot be resolved through consultation.

There is a problem of an era in an era. The problem itself is not terrible, the key is to take the correct approach to solve the problem. This undoubtedly tests the wisdom, strategy and courage of both China and the United States , and of course, integrity !

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