How do LED display manufacturers deal with the resurgence of the Sino-US trade war

Publisher: Supplier of LED Display Time: 2019-05-22 15:30 Views: 2305

         Just last Friday, Trump suddenly announced that he would impose tariffs on Chinese goods again, and he also raised tariffs on $200 billion of Chinese imports to the United States from 10% to 25%. The Sino-US trade war that has just subsided is revived!

 

As a major exporter of LED displays, relevant data show that: in 2018, the total export volume of displays in mainland China was 86.86 million units, a year-on-year increase of 21.2% and a record high.

 

In 2018, the monthly export volume and year-on-year display of mainland China's displays, and among them, according to the number of display exports, the top six countries are the United States, the Netherlands, the Czech Republic, Japan, India and South Korea, accounting for 70% of the total exports.

 

In 2018, mainland China accounted for the proportion of display exporting countries. Since the beginning of the Sino-US trade war, the news from Trump and the US government has changed day by day. The Chinese LED display industry feels too much uncertainty and can no longer keep up with the pace of change. Especially for many foreign trade-oriented screen companies, the increase in tariffs from 10% to 25%, from the immediate point of view, offset the export benefits brought about by the recent devaluation of the RMB, which will inevitably affect the second and third quarters of many screen companies. Earnings were negatively impacted and the overall trade situation was strained.

 


 
  In the long run, the imposition of tariffs by the United States may prompt Chinese export companies to expand their export areas, open up a wider export market, and ensure trade balance. Such as expanding the export trade share of countries along the "Belt and Road".

 

In fact, the imposition of tariffs by the United States is a "lose-lose" approach. According to monitoring, as of the first quarter of 2019, bilateral economic and trade frictions had a greater impact on the United States. "There are 6,081 items of goods covered by the US$200 billion, covering all aspects of life. Among them, a large number of goods need to be imported from China by the United States. For example, the United States needs to import more than 50% of the goods from China, and there are 1,150 items, accounting for more than 40%. That is to say, once the United States imposes an additional levy, the increased part will ultimately be borne by American consumers.

 

Since the beginning of this year, the proportion of my country's exports to the United States has continued to decline, and the proportion of exports to the EU and ASEAN has gradually increased; at the same time, the proportion of imports from the United States is less than 10%, also showing a downward trend. , the EU and ASEAN accounted for a higher proportion of imports. Various signs show that with the development of Sino-US economic and trade frictions, the diversification of my country's foreign trade market has also shown results.

 

As we all know, in China's LED display industry, there are many foreign trade-oriented screen companies not only in China, but also some large screen companies have many branches overseas. However, since Trump took office, he has been working on "Made in the United States", and has repeatedly attacked Chinese domestic screen companies by imposing tariffs and "337 investigations". This protracted Sino-US trade war has spread.

 

At present, in the increasingly complex foreign trade environment, Chinese screen companies can only better cope with these "sudden events" by continuously improving their independent research and development capabilities, providing products with low market substitution, making efforts in innovation, and making efforts in intelligent manufacturing. situation!


       Lianchengfa, a comprehensive manufacturer in the field of LED optoelectronics----Lanchengfa official website: www.lcf-led.cn----- Lianchengfa, the LED display expert around you, you can find it when you buy an LED display Liancheng hair! 24-hour service hotline: 400 618 8884