China-US trade frictions continue but do not affect the development of the automotive industry

The "manor meeting" of Xi O and the fifth round of Sino-US Strategic and Economic Dialogue have brought a lot of "positive energy" to Sino-US relations in 2014 ". However, such issues as the East China Sea and Taiwan military sales have always been highlighted repeatedly in Sino-US relations. In the future, China and the United States will still face unavoidable challenges and difficulties. How can we get rid of the strange circle of "Political Tragedy of great Powers" for bilateral relations that truly have a global strategic significance, going out of a new path of Great-country cooperation with true significance in the history of international relations is always a problem that we need to seriously think about and take seriously. Although disputes between China and the United States continue and trade frictions are repeatedly highlighted in various industries, such trade frictions are not very prominent in the automobile industry of China and the United States.

The Institute of International Trade and Economic Cooperation of the Ministry of Commerce once said that it will impose anti-dumping and anti-subsidy taxes on some large-displacement imported vehicles from the United States in the next two years. Previously, the United States has targeted Chinese tires and Oil Well Pipes for anti-dumping. However, Luo lei, Deputy Secretary-General of the China Automobile Circulation Association, told CEN financial channel that the behavior of both sides is only a trade friction and has little impact on China's automobile industry. Currently, imports of cars and off-road vehicles with a displacement of more than 2.5 liters originating in the United States are subject to dumping and subsidies, and the domestic passenger cars and off-road vehicles with a displacement of more than 2.5 liters in China are subject to substantial damage, in addition, there is a causal relationship between dumping, subsidies and substantial damage. However, such behavior cannot be regarded as the trade friction of the China-US automotive industry. The United States often applies this "double-reverse" sanction to Chinese enterprises, involving tires, parts, and textiles, therefore, it is quite normal for China to make a response.

 

During the "double tax" period, GM and Chrysler will face anti-dumping duties of 8.9% and 8.8%, as well as Countervailing Duties Of 12.9% and 6.2% respectively. Some insiders believe that almost all Chrysler models depend on imports, while GM's Cadillac will suffer from its rapid growth. However, GM in Shanghai said that imported car sales only accounted for 0.5% of total sales.

 

According to Sino-US automobile trade data, during the "double tax" collection period, European imported cars exclusively occupied 58.9% of the market share, Japanese imported cars accounted for 25.8%, and American imported cars accounted for only 8.3%. Therefore, this measure has little impact on China's automotive industry. Professionals say: "because the number of vehicles imported separately from the United States, especially those with a displacement above 2.5 liters, is very small. Imported cars in China are mainly in the European, Japanese, and some Korean Series. American car owners have joint ventures, so the amount of imports is relatively small ."

Some people have said that the ruling only applies to imported cars in the United States and imported cars in other countries will not be affected. Therefore, China's automotive industry is not greatly affected.

Link: http://www.kx.cn/zs/show-50-107720-1.html

China-US trade frictions continue but do not affect the development of the automotive industry