What will happen to the worst Sino-US trade and economics?

With the US President-elect Trump cabinet gradually surfaced, this organization, known by the industry as a "group of CEOs", will undoubtedly become the focus of global attention in the new year.
The Chilean economy, which is located in the heart of the Americas and has a narrow coastline, relies heavily on international trade. Felipe Munoz Navia, a professor at the Chilean Institute of International Studies, who is on Christmas vacation, is quite worried. He told the First Financial reporter that these cabinet members or consultants now show a clear opposition to free trade. He also found that Peter Navarro and Wilbur Ross, who headed the newly established White House National Trade Commission and the Commerce Department, not only opposed all trade agreements, but also had a tough attitude toward China.
“I think China may feel stronger than other places (the economic and trade situation between the two countries) is dim,” he said.
In China, many trade core people have told the First Financial Reporter that their feelings can be described as “the mountains and the rain are full of wind and the building”. The most direct consequences that can be foreseen are: the number and complexity of trade friction cases in 2017. And the degree of difficulty will usher in a peak.
When the uncertain 2017 is really coming, what is the worst situation that China-US bilateral economic and trade may encounter, and how should we deal with it? This may be a problem that we must consider before we actually act.

"CEO cabinet" simultaneously triggered Sino-US concerns
From Washington to Beijing, the worries and doubts about President-elect Trump's "cabinet" should be in harmony. In addition to the formation of the cabinet, with the launch of a new round of personnel adjustments, a considerable number of US high-level foreign officials will also welcome new faces.
A number of Chinese people who did not want to be named and were active in the bilateral economic and trade fields between China and the United States told the First Financial News that the current cabinet is not familiar with Trump’s current cabinet. Most of them are “marginal people” and few people and them I have dealt with it. Moreover, the understanding of them in the world is "the starting point is almost the same."
"Maybe, we have to make the worst plans." Nicholas Hope AM, director of the China Projects Department at Stanford University's International Development Research Center, who held a position at the International Monetary Fund (IMF), was frustrated.
Those worried American business people say that the "uncomfortable" feeling reached when the news of the pro-Russian ExxonMobil chairman and CEO Rex Tilerson might become Secretary of State. vertex. Tillerson has publicly criticized the international community for imposing sanctions on Russia in the invasion of Crimea.
Mark Rozell, a professor at the George Mason University School of Government, who is active in Washington's political circle, described the No. 1 financial reporter with no worries. The Trump cabinet members were composed of former military officers and super-commercial rich, which greatly exceeded The public's expectations. Trump had previously been able to win the election, mainly because the workers' group supported him, but there was no representative of a group of workers in his cabinet, which turned out to be the cabinet for Wall Street.
“The worry that this cabinet is worrying about is not only that the ability to run a large company is completely different from that of the governing body,” Rozel said. “It’s also because some cabinet members themselves have different ideas from the institutions they will lead. The goal is to the left, while others have even advocated the abolition of some federal departments."
According to Nicholas Hope AM, it is still too early to predict the possible policies of the Trump administration from nuclear weapons to climate change, from Muslim policy to the trading system. "He lacks coherence on any issue, and all we can do is wait," he said.
After synthesizing the news, a person who had served in the Republican Party half-jokingly told the First Financial Journal that perhaps the Chinese government had to learn how to do business in a diplomatic way. "In addition to the bottom line, everything can be negotiated and exchanged." The most important thing is to cultivate friendship."

Sino-US trade friction escalation is in sight
From "exchange rate manipulating countries" to "punitive tariffs", Trump’s slogan on China’s trade policy can always lead to a slap in the face. When his term of office is approaching, the assessment of all parties is quietly taking place.
The first thing to bear is the frequency of trade friction.
Every day, facing all kinds of trade friction disputes, Wang Hejun, director of the Trade Relief and Investigation Bureau of the Ministry of Commerce, used his "mountain rain to wind up the building" to describe his feelings.
According to public information, since December 2016, he has already taken double countermeasures against the Chinese PV products, New Zealand's galvanized sheet counter-subsidy case against China, and Argentina's polymethyl methacrylate plate. Five anti-dumping cases, US anti-dumping and counter-subsidy cases against plywood, and EU anti-dumping cases against corrosion-resistant steel in China were five times.
In a recent conversation, Wang Hejun said that China expressed disappointment that the European Commission intends to continue to extend the dual countermeasures against China's PV products. The EU should completely terminate the anti-dumping and anti-subsidy measures of photovoltaics as soon as possible, so that the photovoltaic market will return to normal conditions and truly achieve mutual benefit and win-win results.
Wang Hejun told the First Financial Reporter that Trump’s various remarks and the lack of new economic growth drivers in the world are worrying, and the situation will be even more severe next year. In his view, the discussion on China's excess steel production capacity next year will be a hot spot; and as China upgrades to high-end industries, some high-end products may also face trade friction problems.
This concern has already been transmitted to first-tier enterprises. Xiao Youyuan, the president of Skyworth Air Conditioning under the Skyworth Group, has been closely watching the international market. He told the First Financial Reporter that the impact of the political environment next year may not be immediately reflected, but will appear in the second half of 2017 and 2018. Tires, copper pipes, refrigerators, washing machines, and other products that the United States will also manufacture, Chinese companies may encounter the "big stick" of trade protectionism.
Now, Xiao Youyuan has made corresponding plans: reduce the scale of forward contracts, control risks; increase the price adjustment clause; consider the forward futures in the contract business; do a good job in overseas base layout.
He said that he feels very similar to 2017 and 2011. The only difference is that 2011 is a one-way appreciation of the renminbi, and 2017 may be depreciated. In both years, raw material prices have risen by nearly 10%. In the early days, many Chinese suppliers set prices before raw material prices rose. Now they face a dilemma: whether to raise prices. “If you don’t raise the price, you may not be able to offset the changes in exchange rates and raw material prices,” he said.
When the eyes turned to Geneva, many observers also revealed to the First Financial reporter that the parties are waiting for the new US ambassador to the World Trade Organization (WTO), and everything is full of uncertainty. The WTO, which was once considered a "disaster" by Trump in the campaign, has sent Trump an olive branch: Brazilian Director-General Azevedo sent a congratulatory message to Trump on the social networking site, saying that he has already Be prepared to work with the next government. However, the above-mentioned people are still worried that the worst possibility is that the United States will take action to substantially withdraw from the WTO.
"If (the United States) does nothing, it is almost the same as the exit." One of the observers said.
However, the trade protectionist policy, the result of the "one thousand injured, self-damaged eight hundred" sword, does not necessarily achieve the original intention of the initiator.
According to China-US Customs data, in the first 11 months of 2016, the total value of Sino-US trade was 3.08 trillion yuan, accounting for 14.1% of China's total foreign trade. In 2015, China was the fastest growing export market in the United States. China overtook Canada as the largest trading partner of the United States, and the United States is China's second largest trading partner.
Wang Hejun analyzed the first financial reporter's analysis that the general rule is that if a country uses trade measures to restrict the import of a class of products, it will lead to an increase in the cost of the product and thus reduce its downstream competitiveness, resulting in mutual harm. Now that China has become the world's largest trader of goods, it can also "block the soldiers and cover the water."
In the manufacturing-intensive Guangdong Shunde, an unnamed kitchen small appliance export industry insiders told the First Financial News reporter that after Trump took office, the first impact was actually Mexico.
His US customers place orders primarily at home appliance foundries in Shunde. But in the past few years, many American customers have moved their products back to Mexico for production. He believes that whether these products will return to the United States in the future depends on the competitiveness of the United States. Most of the products produced in Mexico are products with monopolistic advantages of American big brands or products with more technical advantages than those of Chinese companies, as well as products with relatively large volume and high transportation costs.
In Xiao Yuanyuan’s view, the worst result of the US trade policy change to China may also be the best result: to promote Chinese enterprises to passively accelerate overseas distribution, to consolidate vicious competition, to return the market to rationality, and to achieve the survival of the fittest in various industries. Upgrade the overall manufacturing industry to improve the level of China's manufacturing industry.
Although Philip’s Chile-US trade is highly complementary, mainly exporting natural resources to the United States, and American companies have no competitive relationship with industrial products or sensitive industries, he still pays attention to and fears that a trade war between China and the United States will occur, even if it only happens. Trade Friction.
“This will cause a decline in global trade and is not a good thing for Chile and the world,” he said.

Wall Washer

Elegant low profile high power LED linear luminaire for floodlighting, wall wash and wall graze applications to buildings, bridges, monuments. Light projection distance over 10 meters with choice of Cree or Lumileds LEDs in a variety of colours and beam angles for selection. Extruded aluminum profile of high efficient thermal dissipation design with clear tempered glass cover and anti-glare shield. Customizable housing color and length. Various stainless steel mounting brackets with up to 180° tilt angle adjustment for easy installation and light projection setup. Optional anti-glare shield. Seamless line of light when connected in cascade without dark spaces at joints. DC 24V input. DMX control. High brightness contrast level for smooth and consistent color change effect. Preventive vent, waterproof connectors and rated IP66.

Wall Washer,Wall Washer Light,LED Wall Washer,RGB Wall Washer,LED Wall Washer Graze Lights,Narrow Beam Angle Wall Washer,High Power Wall Washer

StrongLED Lighting Systems (Suzhou) Co., Ltd. , https://www.strongledcn.com