The United States may reduce tariffs on China’s non strategic commodities, including clothing and bicycles
[Securities Times] it is reported that Singh, the US Deputy National Security Adviser in charge of international economic affairs, recently hinted that the United States may reduce tariffs on a series of non strategic Chinese goods such as bicycles or clothing to help fight inflation. Singh said in a public event that the tariffs imposed by the former trump administration may give the government some bargaining chips, but these tariffs have no strategic purpose.
Comments: under the pressure of inflation, the United States has to take controlling inflation as the primary goal of economic policy. Relevant people said that on the one hand, the reduction of Chinese commodity tariffs by the United States can restrain the further rise of American inflation to a certain extent, on the other hand, it is conducive to the export of Chinese related products and achieve win-win results.
Joy Kie Corporation Limited(300994) ( Joy Kie Corporation Limited(300994) ): the company is one of the major exporters of bicycle products in China, with sales in more than 80 major countries and regions on five continents around the world.
Hl Corp (Shenzhen)(002105) ( Hl Corp (Shenzhen)(002105) ): the company is the world’s largest bicycle accessories enterprise, mainly supplying complete bicycle factories in China and Asia. The assembled vehicles are sold to Europe and the United States.
