As the two locomotives driving the global economy, a large number of US export commodities need to be digested locally, and cracking down on China's foreign trade will become a problem for them to solve export commodities. After all, in the world, almost no second A country with a huge economy like China. If the Sino-US trade war continues, the United States is likely to lose the big cake of the Chinese furniture market.
As the world's largest consumer and producer of furniture, China's demand for wood far exceeds what it can supply. In addition, for more than a decade, the country does not promote natural logging, so most of China's furniture wood is imported from abroad. import.
In terms of total imports, Russia, the United States and New Zealand are the top three countries in China's timber imports. According to the imported timber data released in 2018:
China imported about 10.5487 million cubic meters of logs from Russia, with an amount of about 1.297 billion US dollars; sawn timber imported from Russia was about 171.311 million cubic meters, about 3.27 billion US dollars.
The total amount of wood imported from China by the United States is 6.247 million cubic meters, and the amount is US $ 3.042 billion. Among them, the imported logs were 6.247 million cubic meters, with an amount of 1.39 billion US dollars, and the imported sawn wood was 4.286 million cubic meters, with an amount of about 957 million US dollars.
China ’s imports from New Zealand are mainly logs, which are about 17.3771 million cubic meters, and the amount is about US $ 2.451 billion, while less imported sawn timber.
China is a major timber importing country in the world, and especially one of the major markets for the United States. As of May this year, the import and export data released by the State Administration of Customs show that China
(From the General Administration of Customs)
The total value of imports and exports of goods trade was 12.1 trillion yuan, an increase of 4.1% over the same period last year. Among them, exports were 6.5 trillion yuan, up 6.1%; imports were 5.6 trillion yuan, up 1.8%; trade surplus was 893.36 billion yuan, up 45%.
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Affected by the trade war between China and the United States, the total volume of US imports and exports in China has declined significantly, and has shown a continuing downward trend. Looking closely at the timber trade, China has substantially reduced its imports of US timber since last year. This move also caused the US timber market to lose nearly 3.5 billion yuan last year, and directly affected the profits of loggers and processing plants.
According to public reports, US wood supplier Mayer said that the continuous escalation of the Sino-US trade war will cause irreparable permanent damage to related industries. (The wood supplier where Mayer is located is one of the largest suppliers in the United States)
Starting in September 2018, China ’s wooden furniture exported to the United States will be subject to a 10% tariff, and on January 1, 2019, it will be further increased to 25%. On May 9, 2019, the U.S. government announced that from May 10, 2019, the tariff rate imposed on the US $ 200 billion list of goods imported from China will be increased from 10% to 25% ...
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A series of trade suppression measures issued by the United States, China has precisely counterattacked. Beginning in September 2018, China will retaliate from 5% to 25% of timber imported from the United States, with different tax rates for different wood types. At 0:00 on June 1, 2019, China ’s tariff increase on the US 60 billion commodities formally entered into force. On the afternoon of the same day, the Ministry of Commerce announced the four criteria for including an entity in the “Unreliable Entity Listâ€. Within a day, two moves were made, both of which were precisely aimed at the fields of agriculture and energy in the United States. Many of these agricultural states are traditional ticket warehouses of the Republican Party where the current US President Trump is located.
The stormy May has just ended and entered June. In the face of the US's aggressive situation, China has launched a comprehensive counterattack. As the Ministry of Foreign Affairs said: China does not want to fight a trade war with anyone. But if someone does not force us to fight, we will not be afraid, nor will we hide.
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