US President Trump recently signed a presidential memorandum and plans to impose tariffs on Chinese imports worth $60 billion, raising concerns about the escalation of Sino-US trade wars.
On March 22, the US Trade Representative Office announced that it will impose trade tariffs on China's 1300 products, and will publish a list of products recommended for tariffs within 15 days. On March 23, US President Trump officially signed a trade memorandum on China at the White House, announcing that it would be possible to impose tariffs on US$60 billion of goods imported from China and restrict Chinese companies from investing in the United States.
US Trade Representative Wright Heze lists the top 10 high-tech industries that may be covered by tariffs on China, including next-generation information technology, high-performance CNC machine tools and industrial robots, aerospace equipment, offshore engineering equipment, and high-tech ships. , new energy equipment, high-speed rail equipment, agricultural machinery and equipment, new materials, biomedicine and high-performance medical equipment.
In response to the US "trade war", the Ministry of Commerce issued a list of suspension tax reduction products for the US import of steel and aluminum products 232 measures on the morning of the 23rd and sought public opinions. It is proposed to impose tariffs on some imported products from the United States to balance The loss caused by the United States to impose tariffs on imported steel and aluminum products to the interests of the Chinese.
Trump’s provoked Sino-US trade war was directly aimed at forcing China to further open its market to the United States with a serious imbalance in Sino-US trade.
Affected by the Sino-US trade war, the global stock market shocked. US stocks saw their biggest one-day drop since February, and the Dow, Nasdaq and S&P 500 stock indexes fell more than 2%.
At the same time, China's A-shares were also affected by the Sino-US trade war. Returning to the LED industry, dozens of listed companies, including Debon Lighting, Foshan Lighting, Feile Audio, and Op Lighting, all fell on the day. However, as of today, A shares have shown signs of recovery.
(The stock price is the data on March 23rd)
As a major exporter of LED lighting products in China, the United States has a large proportion of LED lighting exports in China. According to the statistics of the High-tech Research Institute LED Research Institute (GGII), the total US LED lighting products exported to the United States from January to November 2017 reached US$5,060,196,000, showing an upward trend.
This time, the United States has imposed trade tariff products in China, although it does not seem to involve LED lighting related industries. However, from the overall reaction of A-share LED listed companies' stocks, the LED lighting industry has been affected.
So, what impact does the Sino-US trade war have on Chinese LED companies? To this end, high-tech LED and Hongli Zhihui, Smect, Liyang Optoelectronics, BHP Electronics, Jiansen Technology and Bilda and other LED companies in-depth exchanges, the majority of companies said they will not be trade war influences.
Wang Gaoyang, deputy general manager of Hongli Zhihui, said that although the new energy vehicle was included in the proposed taxation list by the US Trade Office, it is specifically related to the vehicle business, and the export of LED lights will not be implicated.
It is understood that the Hongli Zhihui subsidiary Fo Da signal is the first batch of LED headlamps in China, mainly engaged in foreign commercial vehicle LED assembly lamps, LED lamp modules/modules. Wang Gaoyang said that the Fo Da signal will not be affected by this trade war.
BHP Kaihua, the sales director of BHP, also said that the Sino-US trade war will not affect the company's export business. He said that BHP Electronics has a relatively complete intellectual property system and will not have patent disputes with foreign companies.
According to public information, BHP Electronics was established in 2003. It is a professional manufacturer of LED and LED application products integrating R&D, production and sales. The products are mainly exported and sold well both at home and abroad. According to GGII data, in 2017, the export value of BHP Electronics LED high bay light was 33.59 million US dollars, and the US market accounted for 55.70%.
Li Yang, the head of Liyang Optoelectronics, said that the US market has always been the territory that Liyang Optoelectronics is focusing on, but it is still not a big part of the company's market system. The Sino-US trade war will not have much impact on the company's current business.
In addition, Xin Mingfeng, general manager of Jiansen Technology, said to Gaogong LED that Jiansen's high-power power supply has output on a global scale. The main focus of this Sino-US trade war is still in the industrial field. Big.
Of course, when it comes to the impact of the “tariff war†between China and the United States on the LED lighting industry, Small General Manager Zhang Luhua and Bilda General Manager Ke Jianjun expressed different opinions.
"This trade war reflects the improvement of China's national strength and the substantial improvement of its products, technology and manufacturing advantages in China." Zhang Luhua, general manager of Smide, said frankly, "Whether the Sino-US trade war will have an impact on the LED industry depends on whether there will be LED products are placed on the tax list. However, trade wars will increase exchange rate risk."
For the exchange rate risk, General Manager Ke Jianjun of Bilda agreed. "I really don't want to see the trade war. In fact, last year, the RMB exchange rate was directly adjusted from 6.9 to 6.3. The appreciation of the renminbi has made many export-oriented enterprises uncomfortable. The trade war is coming again. China is definitely hurting more than the United States."
As an expert in emergency power supply, Bilda is one of the key markets in the United States. Last year, by participating in the US exhibition and cooperation with major US manufacturers, Birda emergency power has successfully entered the US market. Ke Jianjun admits that this trade war will have much impact on Erda, but we are making every effort to promote the development of the European market and strive to reduce the impact of the single market.
At present, the United States has not yet published a list of taxable products for China. Whether LED-related products will be uncertain in the tax collection list, so the final situation remains to be seen.
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