Trade Frictions Are Afraid Of A Lasting War &Nbsp; Foreign Trade Industry Should Take The Initiative To Deal With It

The G20 finance ministers meeting that just came to a close has reached a consensus on avoiding "competitive currency devaluation".

In fact, at the same time, the "exchange rate war" has cooled slightly.

Various trade protection measures have been implemented frequently.

Following the release of the latest US International Economic and exchange rate policy report scheduled for October 15th, the meeting between the finance ministers and central bank governors of the group of twenty (G20) has also reached a consensus on the global exchange rate dispute.

Members promised to "avoid currency competitive devaluation and promote current account balance", which has temporarily cooled the previously turbulent exchange rate war.

However, the shadow that envelops the global market, especially China's export industry, has not dispersed.

The website of the Ministry of Commerce of China announced in October 20th that the US International Trade Commission decided to maintain an anti-dumping duty order against the US iron casting products, with a duty rate of 11.66% and a duration of five years.

Just two days later, the US Department of Commerce reissued a notice to revise the results of countervailing rulings of seamless dual cases, and substantially increased the countervailing duty imposed on Chinese enterprises on the basis of the original ruling.

In October 25th, the International Trade Commission of the United States renewed its efforts. The Committee issued a notice to make an affirmative final judgment on the damage investigation of the "double reverse" case of China's US coated paper. It concluded that China's US coated paper had a substantial threat to the related industries in the United States, and China's exports would face high anti-dumping and countervailing duty rates.

However, these cases are only a microcosm of the recent US trade frictions against China. Statistics show that from October 1st to 15, the commerce department's trade relief and related cases in China amounted to 24, of which 12 days to 15 days, up to 9 days.

Experts believe that in the recent trade war launched by the United States, including seven intellectual property litigation as the core of the 337 survey and a unilateral action characterized by the 301 survey, the field involves solar energy, liquid crystal display, printer ink cartridge and many other products, which shows that the trade friction launched by the United States is increasingly concentrated on high value-added industries and new industries.

This situation needs the attention of relevant enterprises.

Trade friction may be a protracted war.

According to the experts, the shadow of the trade frictions in this round is hard to ignore the shadow of the national export revitalization plan introduced by the US in early 2010.

The goal of the plan is to double the US exports in 5 years and increase 2 million jobs. An important means to implement the plan is to accelerate the construction of a free and fair access world market.

With the failure of the current "exchange rate war", it will be logical to launch trade frictions.