Automotive Black Technology Chapter 1489: : The pros and cons of friction!
www.lnmao.org, the fastest update to the latest chapter of automotive black technology!
After finishing dealing with my parents, it was already half past one in the afternoon.
Li Fanyu looked at the time and saw that there was still a meeting waiting for him before the alarm went off, so he said to Dad Li and Mom Li who were doing the dishes: "Mom and Dad, there is something else going on in our group, I will withdraw first. You two have fun at home, don’t fight.”
Ma Li, who was wiping the table, threw away the rag and went to change her shoes.
Seeing her like this, Li Fanyu was stunned, "Huh, what are you doing?"
"Of course I'm going with you!" Mother Li said while tying her shoelaces: "My son has entered Tiancheng and conquered such a large territory in Fuzhou. Why don't I go and inspect it?"
Hearing this, Dad Li stuffed the bowl into the cupboard. "I'll go too! Good guy, I was so confused when I saw the plan on the news, it was like I was dreaming. When I think about this place, It was my son who initiated the construction, and I couldn’t help but feel excited.”
Li Fanyu was happy.
That’s a must!
He raised the car keys and said, "Let's go! I'll show you two!"
……
Placing the two in front of Zhengxin Future Center, which was undergoing interior decoration, Li Fanyu casually found Zhengxin's construction supervision manager and asked him to take Li's father and Li's mother around and act as a tour guide. When the young manager saw that it was Li Fanyu himself, and listened to Li Fanyu's introduction, he learned that the couple standing in front of him were Director Li's parents. He was so excited that he patted his chest repeatedly to ensure that he must take the two elders to visit Zhengxin's new business empire. ,
Li Fanyu then took leave from his two elders and drove to the headquarters of Power Company, which is currently serving as the temporary Fuzhou Zhengxin Office Center.
The other side is ready, just waiting for him to start the meeting.
Because Zhengxin currently has two administrative departments, the meeting was held in the form of video, and senior executives from the Beijing headquarters joined in.
After Li Fanyu sat down, Xiao Guo, the marketing manager of Dynamics Company who was in charge of presiding over the meeting, said into the microphone: "Since Trump signed the presidential memorandum in mid-March, the trade friction between China and Eagle has There is an intensifying trend. This time, the Eagle side sanctioned China on the grounds of "theft of intellectual property rights", which falls within the scope of Special 301. Compared with previous sanctions and anti-dumping investigations, Special Section 301 is different from general trade sanctions. The purpose of the terms is to prepare a set of strategies and attack a wider area. Judging from the current international economic situation, this economic friction is bound to have an impact on multiple industries. In order to cope with the possible impact of this incident on the automobile manufacturing and distribution industries, this meeting is hereby held. ”
After speaking, she briefly introduced the current trade friction situation between China and Eagle.
This time the trade friction did not erupt suddenly, but has already started to show its signs since the beginning of the year.
In January, the Eagle Country government announced that it would adopt "global safeguard measures for four years and three years on imported large-scale washing machines and photovoltaic products, respectively, and impose tariffs of up to 30% and 50% respectively."
In February, it was announced that "a 109.95% anti-dumping tariff will be imposed on cast iron sewage pipe fittings imported from China", "a 25% and 10% tariff will be imposed on imported steel and aluminum respectively", and "a 48.64% tariff will be levied on China's aluminum foil product manufacturers" % to 106.09% of anti-dumping duties, and 17.14% to 80.97% of countervailing duties."
Everything is testing and pressing step by step.
On March 22, the Eagle government finally broke away and announced that it would "impose tariffs of US$50 billion on Chinese goods due to intellectual property infringement issues and implement investment restrictions"!
On March 23, the Ministry of Commerce of the People’s Republic of China, which has repeatedly sought dialogue to no avail, issued a list of products with suspension of concessions under the Section 232 measures for steel and aluminum products imported from Eagle Country and solicited public opinions. It plans to impose restrictions on some products imported from Eagle Country. Increase tariffs. Among them, tariffs are planned to be imposed on US$3 billion worth of domestically produced fruits, pork, wine, seamless steel pipes and more than 100 other commodities.
On April 4, trade friction reached its peak; in the early morning of the 4th, the Eagle Country government announced that it would impose an additional 25% tariff on more than 1,300 types of imported goods originating in China based on the unilateral determination of the Section 301 investigation. Involving industries such as aerospace, information and communication technology, robotics and machinery, involving approximately US$50 billion in China’s exports to the United States!
In addition, he made four arrogant demands on China;
China will reduce its trade surplus by US$100 billion in one year. The Eagle side does not require any methods. Possible ways include appreciation of the RMB, setting restrictions on Chinese exports, and strengthening import purchases from the Eagle.
The second is to protect intellectual property rights and not allow China to engage in market exchange for technology.
The third is market access, opening up China’s hottest financial market and e-commerce market. The fourth requirement is...not to use government subsidies to implement industry policies.
It's like two families living together. Your family is living well. Suddenly one day, the old man next door opens the door of your house, gives you two mouths, and then demands harshly - from today on, You are not allowed to have a fire in your house to cook, and you are not allowed to have **** with your wife between 7 and 9 pm!
Extremely unreasonable!
The Chinese side was completely angered and responded within 24 hours - not to cause trouble, but... not afraid of trouble either!
Immediately, China’s Tariff Commission decided to impose an additional 25% tariff on 106 items in 14 categories such as soybeans, automobiles, and chemicals originating in Eagle Country.
Blood for blood, tooth for tooth.
When it comes to China’s imports from Eagle Country, it is also an unyielding US$50 billion!
Although the trade disputes between China and Eagle have never stopped before, the scale of this time and the subtlety of the attitudes of both parties are really rare!
When Zhengxin has reached its current level, the last thing we want is for any problems in the international economic environment. Those who do business naturally hope for calm.
This time China Eagle’s tariff adjustments on more than ten categories and more than 3,000 types of goods from both sides are bound to cause a series of turmoil. This will predictably affect Zhengxin, whose international business is currently in a period of rapid growth.
But this time, Li Fanyu supported China's tough attitude from the bottom of his heart.
It is always said that we are getting stronger, we are getting stronger. But in some specific disputes, it is always so helpless, how can it show strength?
While distracted, a discussion had already started in the conference room.
For Zhengxin, the negative side is that Yingfang’s increase in tariffs on metal products has seriously affected No. 4 and No. 5 X alloys that have begun to export profitably, as well as some agricultural machinery of Zhengxin Tengshi and Zhengxin Power.
The positive side for Zhengxin is that the retaliatory tariff increase announced by China on the 4th covers automobiles. In other words, in the future, the retail prices of Eagle series cars, especially the prices of original imported car products, will rise significantly.
Rising prices will inevitably lead to a decline in sales, which is a very good opportunity for Zhengxin to increase market share!