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Chapter 1489 : The pros and cons of friction!

It was already 11:30 p.m.

Li Fanyu looked at the time. Before the sound came, there was a meeting waiting for him. Then he said to Li Dad and Li Mom who were washing dishes: "My mom and dad, there is something going on in my group. I'll withdraw first. You two have fun at home, don't fight,"

Li's mother, who was wiping the table, threw away the rag and changed her shoes.

Seeing her like this, Li Fanyu was stunned, "Is it, what are you doing?"

"Of course I went with you!" Li's mother said while tying her shoelaces: "My son is in Tiancheng and has built such a big country in Fuzhou again. Why don't I go to inspect?"

When Li’s father heard this, he stuffed the bowl into the cabinet in a few seconds, "I’ll go too! Good guy, I was confused when I looked at the planning map in the news, as if I was dreaming. When I thought that this place was initiated by my son, I couldn’t help but feel excited."

Li Fanyu was happy.

That's a must!

He raised the car keys and said, "Go! I'll take you both to see!"

...

Before putting the two of them in the future center of Zhengxin, Li Fanyu found a Zhengxin construction supervision manager and asked him to take Li’s father and mother around and give him a tour guide to Dangdang. The young manager saw that it was Li Fanyu himself, and he heard Li Fanyu’s introduction and learned that the couple standing in front of him were Li’s parents. He was excited to pat his chest and make sure to take the two elders to visit Zhengxin’s new business empire.

Only then did Li Fanyu sue his father and drive to the headquarters of the power company, which is currently serving as a temporary Fuzhou Zhengxin Office Center.

There was already ready there, and he was about to start the meeting.

Because Zhengxin currently has two administrative parts, the meeting adopts video format and joins the senior executives of the Beijing headquarters.

After Li Fanyu sat down, Xiao Guo, the marketing manager of the Power Company, who was responsible for the presidency of the meeting, said to the microphone: "Since mid-March, the trade friction between China and Eagles has become increasingly fierce. This time, the Eagle sanctions on China on the grounds of theft of intellectual property rights" are under the category of Special Article 301. Compared with previous sanctions and anti-dumping investigations, Special Article 301 is different from general trade sanctions. The purpose of the clause is to prepare a complete set of strategies and have a wider range of attacks. Judging from the current international economic situation, this economic friction will inevitably have an impact on multiple industries. In order to cope with the likely impact of this incident on automobile manufacturing and distribution industries, this meeting is hereby held."

After saying that, she briefly introduced the current trade friction between China Eagles.

This time, the trade friction did not break out suddenly, but had already shown signs since the beginning of the year.

In January, the Eagle Government announced that "a four-year and three-year global safeguards were adopted for imported large washing machines and photovoltaic products, and the highest tax rates were imposed at 30% and 50% respectively."

In February, it was announced that "an anti-dumping tariff of 109.95% on the import of cast iron sewage pipe accessories in China" and "a 25% and 10% on imported steel and aluminum respectively", "an anti-dumping tariff of 48.64% to 106.09% on Chinese aluminum foil product manufacturers, and an anti-subsidy tariff of 17.14% to 80.97% on the manufacturer of anti-subsidy tariff".

Everything is being tested step by step, pressing step by step.

On March 22, the Eagle government finally broke up and announced that "there is US$50 billion in tariffs on Chinese goods due to intellectual property infringement and investment restrictions are imposed"!

On March 23, the Ministry of Commerce of China, which had sought many times ineffective dialogue, issued a list of products suspended and reduced concessions on 232 measures for the import of steel and aluminum products in Eagle and solicited public opinions, and planned to impose tariffs on some products imported from Eagle. Among them, tariffs are planned to be imposed on US$3 billion on Eagle domestic fruits, pork, wine, seamless steel pipes and more than 100 other commodities.

On April 4, trade frictions reached its peak; in the early morning of the 4th, the Eagle Government announced that it would impose a 25% tariff on more than 1,300 imported goods originating from China based on the unilateral determination results of the 301 investigation. It involves industries such as aerospace, information and communication technology, robots and machinery, and involves about US$50 billion of China's exports to the United States!

In addition, he also put forward four requirements for China in a arrogant manner;

China has reduced its trade surplus by US$100 billion in one year. What methods does the Eagle Party do not make any requirements? Possible ways include appreciation of the RMB, setting restrictions on exports in China, and strengthening import procurement of Eagle.

The second is to protect intellectual property rights and do not allow China to exchange technology in the market.

The third is market access and opening up China's hottest financial and e-commerce markets. The fourth requirement is... no government subsidies are allowed to be used to implement industry policies.

It's like two people living a life, your family is doing well, and suddenly one day, Lao Wang next door pushed open your door, gave you two mouths, and then asked hard that - starting today, you will not be allowed to catch fire and cook, and you and your wife will not be allowed to have sex between 7:00 and 9:00 pm!

Extremely unreasonable!

The completely angered China responded within 24 hours - not to cause trouble, but... not to be afraid of trouble!

Immediately, the Chinese Tariff Commission decided to impose a 25% tariff on 14 categories of 106 commodities such as soybeans, automobiles, and chemicals originating in Eagle Country.

For blood, for tooth.

The import volume of China from the Eagle Kingdom is also US$50 billion that it will never give in!

Although the trade dispute between China Eagle has never stopped before, the scale of this time and the subtle attitudes of both sides are rare!

Zhengxin has reached this level and the least hope is that there are any problems with the international economic environment. Those who do business naturally want to be calm.

This time, the tariff adjustments of China Eagle targeted more than ten categories and more than 3,000 commodities on both sides will inevitably cause a series of turmoil. This is foreseeable to 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 strong and we are strong. But in some specific disputes, we are always so powerless. How can we show strength?

After such distracted skills, the conference room had already started discussions.

For Zhengxin, the disadvantage is that Yingfang's tariff increase on metal products has seriously affected the profitable alloy No. 4 and 5 X, and some agricultural machinery and machinery of Zhengxin Tengshi and Zhengxin Power.

The favorable side to Zhengxin is that the retaliatory tariff increase issued by China on the 4th covers the automobile category. That is to say, in the future, the retail prices of Eagle-based cars, especially the prices of original imported automobile products, will rise significantly.
Chapter completed!
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