USA:n ja Kiinan välinen globaali kilvoittelu

President Donald Trump is justifying raising tariffs on Chinese imports on grounds they are helping the U.S. economy and are mostly paid by China. The opposite is true, economists say.

According to data from U.S. Customs and Border Protection, almost $15.3 billion in duties imposed by the Trump administration last year were assessed on imported goods from China as of April 10. Actual collections could lag and be lower with refunds and other factors.

While Trump has suggested on Twitter and in public comments that tariffs are somehow being charged to or paid by China, economists say that’s misleading. U.S. importers are responsible for the duties, and ultimately U.S. businesses and consumers pay through higher costs, they say.

“Our results imply that the tariff revenue the U.S. is now collecting is insufficient to compensate the losses being born by the consumers of imports,” a study published in March by economists from the Federal Reserve Bank of New York, Princeton University and Columbia University concluded.

The Trump administration plans to more than double duties on $200 billion in Chinese imports at 12:01 a.m. on Friday in response to what officials said was China reneging on commitments as the world’s two largest economies try to negotiate a sweeping trade deal. China’s top trade negotiator Liu He will travel to the U.S. this week as the high-stakes talks continue.

Trump announced the increase in duties in a tweet Sunday saying “the Tariffs paid to the USA have had little impact on product cost, mostly borne by China.” He has previously suggested that China is paying all but about four of 25 percentage points in duties because Chinese companies would reduce their prices in response to the tariffs.

But those numbers appear to be estimates from a 2018 report based on historical data, said David Weinstein, an economics professor at Columbia University and one of the authors of the March study. Actual data on tariffs and trade from 2017 and 2018 showed that foreign firms didn’t lower their prices at all, so the full impact was born by U.S. firms and consumers, he said.

A separate paper published in March by economists Pinelopi Goldberg, the World Bank’s chief economist, Pablo Fajgelbaum of UCLA, Patrick Kennedy of the University of California, Berkeley, and Amit Khandelwal of Columbia Business School also found that consumers and U.S. companies were paying most of the costs of Trump’s tariffs.

It also went a step further: After factoring in the retaliation by other countries, it concluded the main victims of Trump’s trade wars had been farmers and blue-collar workers in areas that supported Trump in the 2016 election.

“Workers in very Republican counties bore the brunt of the costs of the trade war, in part because retaliations disproportionately targeted agricultural sectors,” the authors wrote.
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https://www.bloomberg.com/news/arti...dxEiuPGUZYP1rLT1gKjCAsyBesvl7l8w39XzuvtDjXIkY
 
China’s tech scene was handed a fresh vote of confidence as investors piled into Shanghai’s new Nasdaq-style stock exchange and sent shares skyrocketing up to 500%.

The launch of the Star listing of domestic tech firms is seen as China’s answer to the US’s Nasdaq, and an attempt to sidestep American markets in its long-running trade war with Washington.

It is also considered to be a bold step towards financial market reform, as the Star market features a US-style system for initial public offerings (IPOs).

Inaugural trading on Monday involved an initial batch of 25 companies, including chipmaker Anji Microelectronics Technology, which surged 520% from its IPO price in morning trading. That was despite shares having been suspended twice throughout the day by circuit breakers meant to slow a burst in trading.

Suzhou Harmontronics Automation Technology soared 113% from its listing price, despite falling 30% at the market opening.

Most Chinese stock markets cap the amount that share prices can rise in the first five days of trading at 44%, but the Star market has no such limit. Rules have also been loosened for trading after the initial five-day period, with Star shares allowed to rise or fall by as much as 20% compared with the 10% cap across other lists.

The Shanghai stock exchange confirmed earlier this month that it had received 141 applications from companies eager to list on Star, which is a loose acronym for the Sci-Tech Innovation Board.
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https://www.theguardian.com/business/2019/jul/22/chinese-tech-shares-nasdaq-market-star-us-trade-war
 
Huawei is apparently like a "plane riddled with bullet holes" that keeps on flying – at least according to chairman Liang Hua.

He employed the colourful metaphor twice in a press conference in Shenzhen as he reported the company's first financial results since 16 May, when the US put Huawei on the "Entity List".

This managed to slow its growth rate in the first half of 2019, but Liang claimed that neither production nor shipments were interrupted – unlike with its domestic competitor ZTE, which was recently forced to stop some of its assembly lines due to import controls.

Huawei reported revenue of ¥401.3bn ($58.33bn) for the first six months of 2019, growing 23.2 per cent year on year.

The consumer business, which includes smartphones, tablets, PCs and IoT devices like smartwatches, brought in ¥220.8bn ($32.09bn), with the company shipping 118 million units – up 24 per cent year-on-year. Hua estimated that Huawei could have lost as much as 20 per cent of its smartphone sales due to American sanctions.

Revenue from the company's traditional carrier business stood at ¥146.5bn ($21.29bn) and Hua said it managed to secure 50 commercial 5G contracts across 30 countries to date, and shipped more than 150,000 base stations – 11 of the contracts were agreed since the US sanctions came into effect.

Revenue from its enterprise business – which now includes cloud computing – totalled ¥31.6bn ($4.59bn).
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https://www.theregister.co.uk/2019/07/30/huawei_results/
 
Kiina on arvostellut Yhdysvaltain presidentti Donald Trumpin aikeita määrätä uusia tulleja kiinalaistuotteille.

– Tullien määrääminen ei ole rakentava tai oikea tapa ratkaista taloudellisia ja kaupankäyntiin liittyviä erimielisyyksiä, ulkoministeri Wang Yi sanoi AFP:lle Bangkokissa järjestettävän ulkoministerikokouksen yhteydessä.

Yhdysvaltain presidentti Trump määräsi torstaina 10 prosentin tuontitullit aiemmin tullittomille kiinalaistuotteille, joiden arvo on yhteensä 300 miljardia dollaria, eli noin 270 miljardia euroa. Tuontitullit tulevat voimaan syyskuun alusta alkaen.

Aiemmin Yhdysvallat on asettanut 25 prosentin tullit 250 miljardin dollarin tavaraerille, jotka saapuvat Kiinasta.

Trump kirjoitti viestipalvelu Twitterissä, että Kiina ei ole ostanut lupaamiaan maataloustuotteita Yhdysvalloista. Trump myös tviittasi, että Kiinan presidentti Xi Jinping ei ole lupauksestaan huolimatta pysäyttänyt fentanyylin myyntiä Yhdysvaltoihin.
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https://yle.fi/uutiset/3-10904458

 
Yhdysvaltain valtiovarainministeriö syyttää Kiinaa virallisesti valuuttakurssin manipuloinnista.

Kiinan valuutta juan laski maanantaina alimmalle tasolleen suhteessa Yhdysvaltain dollariin sitten vuoden 2010. Lasku jatkui tiistaina kaupankäynnin alettua mutta vakautui sitten.

Yhdysvalloissa New Yorkin arvopaperimarkkinat syöksyivät maanantai-iltana Suomen-aikaa, kun juanin jyrkkä heikkeneminen säikäytti markkinat. Osakekurssit ovat laskeneet useita päiviä Kiinan ja Yhdysvaltain kauppasodan kiihtymisen vuoksi.

Yhdysvaltojen virallisen syytöksen jälkeen Yhdysvaltain valtiovarainministeri Steven Mnuchin voi pyytää Kansainvälistä valuuttarahasto IMF:ää poistamaan valuuttamanipuloinnin tuomat epäreilut kilpailuedut.

– Tämä on suuri rikkomus, ja se heikentää Kiinaa huomattavasti ajan mittaan, Yhdysvaltain presidentti Donald Trump tviittasi.

Kiinan keskuspankin mukaan juanin heilahtelut johtuvat yksinomaan markkinoista. Kiinan kommunistisen puolueen virallinen lehti People's Daily syytti tiistaina Yhdysvaltojen tuhoavan tahallaan kansainvälistä järjestystä.
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https://yle.fi/uutiset/3-10909878
 
An internal memo to Huawei staff sent by boss Ren Zhengfei is long on military metaphors and warns that the company needs to go into "battle mode" to counter trade barriers put up by the United States.

Ren said that although first-half results were pretty healthy, some of this was due to sympathetic early payments by some Chinese firms.

"The company is facing a live-or-die moment... If you cannot do the job, then make way for our tank to roll. And if you want to come on the battlefield, you can tie a rope around the 'tank' to pull it along, everyone needs this sort of determination!" The memo was seen by Reuters but Huawei confirmed that it was genuine.

He called on staff to ensure accounts were paid on time to give the company a stable cash flow. He said they should continue to aim at pre-ban sales targets. Huawei was on track to become the world's largest handset maker before Trump's ban and unban of trading with the company. Now it all looks uncertain.

Ren said that after three to five years, Huawei "will be flowing with new blood... After we survive the most critical moment in history, a new army would be born. To do what? Dominate the world."

Yesterday Trump seemed to have blinked again when the US once mor extended the Huawei ban for another 90 days while simultaneously adding 40-odd Huawei-connected companies to the Entity List.

Trump originally claimed the ban was made on national security grounds, but then said that the freeze on trading with Huawei could be relaxed as part of a larger trade agreement between the two countries.

Talking to Sky News last week, Ren cited Emperor Wu of the Western Han Dynasty, who as a military campaigner led China through a vast territorial expansion. He also said the company would make 60,000 5G base stations this year and 1.5 million next year, claiming they were 30 per cent more efficient than its previous generation and no longer required US components.
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https://www.theregister.co.uk/2019/08/20/huawei_goes_all_sun_tzu/
 
nöksy kirjoitti:
Siinä on aika iso määrä soijapapua, maissia ja lihaa. Tälläkö Suomen maatalous taas vetämään jos kiinalaisilta saa hintaa :D
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Valitettavasti ei, tai voi siinä joku riittävän suuri kauppa tienata. Mutta tuskin suomalainen viljelijä
 
Häviäjän osa kirpaisee

After a welcome long weekend break, City investors are returning to their desks...and returning to worrying about the US-China trade war.

Overnight, China’s yuan has sunk to a new 11 and a half-year low, on worries that its economy is suffering from the ongoing dispute with Washington. It has hit 7.16 yuan to the dollar in the onshore market for the first time since 2008.

The yuan has now lost more than 3% this month, as the trade conflict has escalated. These latest losses come after America and China confirmed they would impose new tit-for-tat tariffs next month.

China is imposing duties between 5% and 10% on more than 5,000 US products including agricultural goods, aircraft and crude oil - prompting America to hike its tariffs on many Chinese goods from 25% to 30%.
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https://www.theguardian.com/busines...ions-us-china-yuan-markets-ftse-business-live

Uskon että tämä sama asia käy myös punnalle, joten ei naurata.
 
Kiina nostaa amerikkalaista alkuperää olevien tuotteiden tulleja kahdessa erässä. Ensimmäinen tapahtui jo 1.9 ja toinen erä sitten 15.12. Koskee käytännössä ihan kaikkea. Tavarat on jaettu kahteen ryhmään, 5% ja 10% lisätulleille ( eli normitullien päälle ). Eli kauppasota kiihtyy koko ajan. Mihin se sitten johtaa jatkossa...
 
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Amerikkalaisista tariffeista.

tarf.png
 
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