Rubber Review:sino-us trade frictions in 2018

- Jan 02, 2019-

The first is the sino-us trade friction that runs through 2018.In terms of the representative time nodes, the event started on March 22, 2018.US President Donald trump has decided to impose punitive tariffs on Chinese imports.Both sides can have come and go, see recruit tear open recruit.Upon receiving the tariff information, China immediately hit back and proposed to impose tariffs on us $3 billion worth of goods.Within a month, the trade impact was felt in the rubber belt of southeast Asia, where a 25% tariff on Chinese rubber products is clearly stipulated in the tax increase list released by the United States.As a result, China's imports into southeast Asia have been affected, and market sentiment has been affected by the sudden imposition of tariffs, which is even more embarrassing for low-priced rubber.Since then, trade frictions between China and the United States have continued to escalate as the United States sought to impose hundreds of billions of dollars in additional tariffs, heavily targeted zte, and launched "double anti-china" investigations into Chinese products by the United States and Australia.Until the first round of talks on May 4, when the rubber market bullish sentiment are serious, a rebound in the short term, on May 15, and for the second round of negotiations, but yet at this time, it was marked the play both sides stalemate, on June 15th, trump decided to tax on China's $50 billion of goods, China immediately to the United States launched an equal tax on the offensive.It was only at the end of the year that the matter began to settle down a bit. On December 1st, China and America decided to stop imposing new tariffs.

In a word, sino-us trade friction has brought about a negative situation for rubber, and the rubber price has experienced a year of ups and downs under the influence of this event.After the suspension of tariffs in the future, will there be any waves to let the New Year rubber into a big news crisis?As a professional rubber manufacturer, Shenyang Sunnyjoint Chemicals Co., Ltd. Will keep an eye on it for the coming year.